PEGASYSTEMS CFO exercises options and sells shares
PEGASYSTEMS INC COO and CFO Kenneth Stillwell reported a combination of option exercises, tax withholding, and share sales in company stock.
Rhea-AI Filing Summary
PEGASYSTEMS INC COO and CFO Kenneth Stillwell reported a combination of option exercises, tax withholding, and share sales in company stock. He exercised stock options for 25,920 shares of common stock at $16.95 per share, then 17,537 shares were disposed of to cover tax obligations at $36.32 per share. He also sold 8,383 shares in an open-market transaction at $36.45 per share. After these transactions, he directly holds 108,532 common shares, with an additional 1,908 shares reported as indirectly held for his children.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
STILLWELL KENNETH
Role
COO, CFO
Sold
8,383 shs ($306K)
Approx. gross sale proceeds
$306K
Approx. exercise cost
$439K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 25,920 | $0.00 | $0.00 |
| Exercise | Common stock | 25,920 | $16.95 | $439K |
| Exercise Price or Tax Liability | Common stock | 17,537 | $36.32 | $637K |
| Sale | Common stock | 8,383 | $36.45 | $306K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 51,840 contracts (Direct);
Common stock — 108,532 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 four years beginning on the Date Exercisable in Table II.
Key Figures
Options exercised: 25,920 shares
Exercise price: $16.95/share
Tax-withholding shares: 17,537 shares
+4 more
7 metrics
Options exercised
25,920 shares
Stock options exercised into common stock on May 5, 2026 at $16.95
Exercise price
$16.95/share
Exercise price of stock options converted into common stock
Tax-withholding shares
17,537 shares
Shares disposed as tax-withholding at $36.32 per share
Open-market sale
8,383 shares at $36.45
Common stock sold in open-market transaction on May 5, 2026
Direct holdings after
108,532 shares
PEGASYSTEMS common stock directly owned after reported transactions
Indirect holdings
1,908 shares
Common stock held indirectly for reporting person’s children
Option expiration
November 2, 2032
Expiration date of stock options with $16.95 exercise price
Key Terms
open-market sale, tax-withholding disposition, derivative exercise/conversion, stock option, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
stock option financial
"This stock option vests in 16 equal quarterly installments"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PEGASYSTEMS INC (PEGA) report for Kenneth Stillwell?
Kenneth Stillwell reported an option exercise, tax withholding, and a share sale. He exercised 25,920 stock options, had 17,537 shares withheld to cover taxes, and sold 8,383 shares in an open-market trade, all involving PEGASYSTEMS common stock.
What stock options did PEGASYSTEMS (PEGA) executive Kenneth Stillwell exercise?
He exercised stock options covering 25,920 PEGASYSTEMS common shares. The options had an exercise price of $16.95 per share and were part of a grant that vests in 16 equal quarterly installments over four years from the stated exercisable date.
What is the exercise price and expiration for Kenneth Stillwell’s PEGASYSTEMS stock options?
The exercised PEGASYSTEMS stock options have a $16.95 exercise price. According to the filing, these options are scheduled to expire on November 2, 2032, and vest in 16 equal quarterly installments beginning on the stated exercisable date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
