Pegasystems (PEGA) COO/CFO exercises 25,920 options, uses shares for taxes
Rhea-AI Filing Summary
Pegasystems Inc. executive Kenneth Stillwell, the COO and CFO, reported a set of option-related transactions in company stock. He exercised 25,920 stock options at an exercise price of $16.95 per share, receiving an equivalent number of common shares. On the same date, 18,292 common shares were delivered or withheld to pay the exercise price or tax liability at $32.93 per share. The option series being exercised vests in 16 equal quarterly installments over four years beginning on the stated exercisable date. In addition, 1,908 common shares are reported as held indirectly for the reporting person’s children.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,628 shares
Net Buy
4 txns
Insider
STILLWELL KENNETH
Role
COO, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options F1 | 25,920 | $0.00 | $0.00 |
| Exercise | Common stock | 25,920 | $16.95 | $439K |
| Exercise Price or Tax Liability | Common stock | 18,292 | $32.93 | $602K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 25,920 shares (Direct);
Common stock — 125,633 shares (Direct);
Common stock — 1,908 shares (Indirect, Reporting Person's children)
Footnotes (1)
- F1. This stock option vests in 16 equal quarterly installments over a four-year period beginning on the Date Exercisable in Table II.
Key Figures
Options exercised: 25,920 shares
Option exercise price: $16.95 per share
Shares delivered/withheld: 18,292 shares
+3 more
6 metrics
Options exercised
25,920 shares
Stock options exercised into common stock on 2026-08-10
Option exercise price
$16.95 per share
Exercise price for 25,920 stock options
Shares delivered/withheld
18,292 shares
Common shares for payment of exercise price or tax liability at $32.93 per share
Share price for Code F
$32.93 per share
Value used for payment of exercise price or tax liability
Option expiration
2032-11-02
Expiration date of the exercised stock option grant
Indirect holdings
1,908 shares
Common stock held indirectly for reporting person’s children
Key Terms
Stock Options, Common stock, Payment of exercise price or tax liability by delivering or withholding securities, Indirect ownership
4 terms
Stock Options financial
"The security title is listed as "Stock Options" in one transaction."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Common stock financial
"Several transactions involve the security title "Common stock"."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Payment of exercise price or tax liability by delivering or withholding securities financial
"Code F is described as "Payment of exercise price or tax liability by delivering or withholding securities"."
Indirect ownership financial
"A holding entry notes indirect ownership as "Reporting Person's children"."
FAQ
What did Pegasystems (PEGA) executive Kenneth Stillwell report in this Form 4?
Kenneth Stillwell reported exercising 25,920 stock options at $16.95 per share, receiving the same number of common shares, and a related disposition of 18,292 shares to cover exercise price or tax liability.
How many Pegasystems (PEGA) options did Kenneth Stillwell exercise and at what price?
He exercised 25,920 stock options for Pegasystems common stock at an exercise price of $16.95 per share. These options relate to a grant that vests in 16 equal quarterly installments over four years.
What does the Code F transaction mean in the Pegasystems (PEGA) Form 4?
The Code F entry reports that 18,292 common shares were delivered or withheld at $32.93 per share for payment of exercise price or tax liability connected with the option exercise.
Does Kenneth Stillwell report any indirect Pegasystems (PEGA) holdings?
Yes. The filing lists 1,908 Pegasystems common shares held indirectly, described as owned by the reporting person’s children, in addition to directly held and transacted shares.
When do the exercised Pegasystems (PEGA) stock options expire?
The exercised stock options expire on November 2, 2032. They vest in 16 equal quarterly installments over four years beginning on the specified exercisable date referenced in the option disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
