Pegasystems (PEGA) CPO exercises 1,176 RSUs with 569 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pegasystems Inc. Chief Product Officer Rifat Kerim Akgonul reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 1, 2026, he exercised 1,176 restricted stock units, converting them into the same number of common shares at a stated price of $0.00 per share.
To cover tax obligations tied to this vesting, 569 common shares were disposed of at $35.73 per share through a tax-withholding transaction, which is not an open-market sale. Following these transactions, he directly holds 108,246 common shares and 3,526 restricted stock units.
Each restricted stock unit represents the right to receive one share of common stock after vesting. According to the footnotes, 20% of the award vested on its initial exercisable date, with the remaining 80% vesting in equal quarterly installments over four years.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,176 shares exercised/converted
Mixed
3 txns
Insider
Akgonul Rifat Kerim
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,176 | $0.00 | -- |
| Exercise | Common stock | 1,176 | $0.00 | -- |
| Tax Withholding | Common stock | 569 | $35.73 | $20K |
Holdings After Transaction:
Restricted Stock Units — 3,526 shares (Direct, null);
Common stock — 108,246 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents the right to receive, following vesting, one share of common stock. 20% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 80% vest in equal quarterly installments over the following four years.
Key Figures
RSUs exercised: 1,176 units
Tax-withholding shares: 569 shares
Tax-withholding price: $35.73 per share
+4 more
7 metrics
RSUs exercised
1,176 units
Converted into common stock on June 1, 2026
Tax-withholding shares
569 shares
Disposed at $35.73 per share to cover taxes
Tax-withholding price
$35.73 per share
Price for 569 common shares used for tax withholding
Common shares held after
108,246 shares
Direct common stock holdings following transactions
RSUs held after
3,526 units
Remaining restricted stock units following the vesting
RSU vesting schedule
20% initial, 80% quarterly over 4 years
Vesting terms from footnotes
RSU conversion ratio
1:1 to common stock
Each RSU represents right to one common share
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, vesting
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, following vesting, one share of common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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
"Exercise or conversion of derivative security"
vesting financial
"20% of the restricted stock units vested on the Date Exercisable in Table II"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Pegasystems (PEGA) report for Rifat Kerim Akgonul?
Pegasystems reported that Chief Product Officer Rifat Kerim Akgonul exercised 1,176 restricted stock units into common shares on June 1, 2026, and had 569 of those shares withheld to cover tax obligations related to the vesting, a routine compensation-related transaction.
Was the Pegasystems (PEGA) insider transaction an open-market sale or tax withholding?
The Form 4 shows a tax-withholding disposition, not an open-market sale. Of the 1,176 vested shares, 569 common shares were disposed of at $35.73 per share specifically to satisfy tax liabilities triggered by the restricted stock unit vesting event.
What do the restricted stock unit terms mean in the Pegasystems (PEGA) Form 4?
Each restricted stock unit represents the right to receive one Pegasystems common share after vesting. Twenty percent of the award vested on the initial exercisable date, while the remaining 80% is scheduled to vest in equal quarterly installments over the following four years.
How many restricted stock units did the Pegasystems (PEGA) CPO vest in this event?
On June 1, 2026, the Chief Product Officer vested 1,176 restricted stock units, which were converted into an equal number of common shares at a stated price of $0.00 per share, consistent with typical equity compensation structures for restricted stock units at public companies.