Pegasystems (PEGA) CPO exercises 1,176 RSUs and delivers 569 shares for taxes
Rhea-AI Filing Summary
Pegasystems Chief Product Officer Rifat Kerim Akgonul exercised 1,176 restricted stock units into an equal number of common shares on June 1, 2026. 569 shares were delivered at $35.73 per share to satisfy tax obligations. After these transactions, he directly holds 107,677 shares of Pegasystems common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 607 shares
Net Buy
3 txns
Insider
Akgonul Rifat Kerim
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,176 | $0.00 | $0.00 |
| Exercise | Common stock | 1,176 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 569 | $35.73 | $20K |
Holdings After Transaction:
Restricted Stock Units — 3,526 shares (Direct);
Common stock — 107,677 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents the right to receive, following vesting, one share of common stock.
- F2. 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 shares
Shares withheld for taxes: 569 shares
Tax withholding price: $35.73 per share
+3 more
6 metrics
RSUs exercised
1,176 shares
Restricted stock units converted into common stock on June 1, 2026
Shares withheld for taxes
569 shares
Common shares delivered to satisfy tax liability at $35.73 per share
Tax withholding price
$35.73 per share
Price used to value shares withheld on June 1, 2026
Post-transaction holdings
107,677 shares
Direct Pegasystems common stock held after the reported transactions
RSU exercise date
2023-03-01
Date exercisable for the restricted stock unit award in Table II
RSU expiration date
2027-03-01
Expiration date for the restricted stock unit award
Key Terms
Restricted Stock Units, tax-withholding disposition, Date Exercisable
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, following vesting, one share"
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
"transaction_action "tax-withholding disposition" describes shares delivered for taxes"
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.
Date Exercisable financial
"20% of the restricted stock units vested on the Date Exercisable in Table II"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Pegasystems (PEGA) disclose in this Form 4?
Pegasystems reported that Chief Product Officer Rifat Kerim Akgonul exercised 1,176 restricted stock units into common stock on June 1, 2026. As part of the same event, 569 shares were delivered to cover tax obligations.
What were the terms of the restricted stock units reported by Pegasystems (PEGA)?
Each restricted stock unit represents the right to receive one share of common stock after vesting. Footnotes state that 20% vested on the initial exercisable date, with the remaining 80% vesting in equal quarterly installments over four years.
Was the Pegasystems (PEGA) Form 4 transaction under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox in the Form 4 is not marked, and there is no footnote indicating a trading plan. This means the transactions are not affirmed as having been executed under a Rule 10b5-1 pre-arranged trading plan.