Pegasystems officer exercises 6,098 RSUs
PEGASYSTEMS INC (PEGA) reported that officer John Gerard Higgins exercised previously granted restricted stock units into common stock on September 4, 5, and 7, 2026, and had shares withheld to cover payment of exercise price or tax liability.
Rhea-AI Filing Summary
PEGASYSTEMS INC (PEGA) reported that officer John Gerard Higgins exercised previously granted restricted stock units into common stock on September 4, 5, and 7, 2026, and had shares withheld to cover payment of exercise price or tax liability.
The transactions involve RSUs that vest 25% on the initial exercisable date and the remaining 75% in equal quarterly installments over three years, with no Rule 10b5-1 trading plan indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,098 shares exercised/converted
Exercise
9 txns
Insider
Higgins John Gerard
Role
Chief, Client &Partner Success
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 2,280 | $0.00 | $0.00 |
| Exercise | Common stock | 2,280 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 1,273 | $37.36 | $48K |
| Exercise | Restricted Stock Units F1, F2 | 2,202 | $0.00 | $0.00 |
| Exercise | Common stock | 2,202 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 1,229 | $37.36 | $46K |
| Exercise | Restricted Stock Units F1, F2 | 1,616 | $0.00 | $0.00 |
| Exercise | Common stock | 1,616 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 902 | $37.72 | $34K |
Holdings After Transaction:
Restricted Stock Units — 33,916 contracts (Direct);
Common stock — 60,110 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents the right to receive, following vesting, one share of common stock.
- F2. 25% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 75% vest in equal quarterly installments over the following three years.
Key Figures
RSUs exercised: 6,098 units
Shares withheld for tax or exercise: 3,404 shares
Code F price September 4, 2026: $37.72 per share
+4 more
7 metrics
RSUs exercised
6,098 units
Total restricted stock units converted into common stock on September 4–7, 2026
Shares withheld for tax or exercise
3,404 shares
Common shares delivered or withheld under code F for exercise price or tax liability
Code F price September 4, 2026
$37.72 per share
902 common shares delivered or withheld for exercise price or tax liability
Code F price September 5, 2026
$37.36 per share
1,229 common shares delivered or withheld for exercise price or tax liability
Code F price September 7, 2026
$37.36 per share
1,273 common shares delivered or withheld for exercise price or tax liability
RSU vesting initial tranche
25.0%
Portion of RSUs vesting on the initial exercisable date
Remaining RSU vesting period
3 years
Remaining 75% vesting in equal quarterly installments over three years
Key Terms
Restricted Stock Units, derivative security, tax liability, Rule 10b5-1
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, following vesting"
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.
derivative security financial
"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.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding"
Rule 10b5-1 regulatory
"Rule 10b5-1 trading plan indicated"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider activity did PEGA report for John Gerard Higgins on this Form 4?
The filing reports that John Gerard Higgins, Chief, Client & Partner Success, exercised restricted stock units into common stock on September 4, 5, and 7, 2026, with a portion of the resulting shares delivered or withheld to pay the exercise price or tax liability.
Were Pegasystems (PEGA) RSUs in this Form 4 subject to a vesting schedule?
Yes. A footnote states each restricted stock unit represents one share of common stock and that 25% of the units vest on the initial exercisable date, with the remaining 75% vesting in equal quarterly installments over three years.
Were the PEGA insider transactions made under a Rule 10b5-1 plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan; the document-level checkbox for such a plan is not affirmed for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
