0001013857-22-000067.txt : 20220308
0001013857-22-000067.hdr.sgml : 20220308
20220308185621
ACCESSION NUMBER: 0001013857-22-000067
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220301
FILED AS OF DATE: 20220308
DATE AS OF CHANGE: 20220308
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Higgins John Gerard
CENTRAL INDEX KEY: 0001915414
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11859
FILM NUMBER: 22723328
MAIL ADDRESS:
STREET 1: C/O PEGASYSTEMS INC.
STREET 2: 1 MAIN STREET
CITY: CAMBRIDGE
STATE: MA
ZIP: 02142
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PEGASYSTEMS INC
CENTRAL INDEX KEY: 0001013857
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
IRS NUMBER: 042787865
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE MAIN STREET
CITY: CAMBRIDGE
STATE: MA
ZIP: 02142-1531
BUSINESS PHONE: 6173749600
MAIL ADDRESS:
STREET 1: ONE MAIN STREET
CITY: CAMBRIDGE
STATE: MA
ZIP: 02142-1531
4
1
wf-form4_164678376473685.xml
FORM 4
X0306
4
2022-03-01
0
0001013857
PEGASYSTEMS INC
PEGA
0001915414
Higgins John Gerard
C/O PEGASYSTEMS INC. ONE MAIN STREET
CAMBRIDGE
MA
02142
0
1
0
0
Chief, Client &Partner Success
Common stock
2022-03-01
4
M
0
461
0
A
1256
D
Common stock
2022-03-01
4
F
0
258
87.12
D
998
D
Common stock
2022-03-01
4
M
0
368
0
A
1366
D
Common stock
2022-03-01
4
F
0
206
87.12
D
1160
D
Restricted Stock Units
0.0
2022-03-01
4
A
0
1294
0
A
2023-03-01
Common stock
1294.0
1294
D
Restricted Stock Units
0.0
2022-03-01
4
A
0
10285
0
A
2023-03-01
Common stock
10285.0
10285
D
Stock Options
85.4
2022-03-01
4
A
0
32312
0
A
2023-03-01
2032-03-01
Common stock
32312.0
32312
D
Restricted Stock Units
0.0
2022-03-01
4
M
0
461
0
D
2021-06-01
Common stock
461.0
7363
D
Restricted Stock Units
0.0
2022-03-01
4
M
0
368
0
D
2022-03-01
Common stock
368.0
1474
D
Represents a 5% vesting on March 1, 2022. The original grant was 9,207 restricted stock units with 5% vesting on June 1, 2021, and the remaining 95% vesting in 5% quarterly installments.
Represents a 20% vesting on March 1, 2022. The original grant was 1,842 restricted stock units, with the remaining 80% will vest in 5% equal quarterly installments over the remaining four years.
Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
Represents election by the individual, as part of the Company's Corporate Incentive Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 1, 2022. All RSUs vest 100% on March 1, 2023, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2022.
Once vested, the shares of common stock are not subject to expiration.
RSUs will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly amounts over the remaining four years.
Options will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
s/ Jenna L. Burstyn, Attorney-in-Fact for John Gerard Higgins
2022-03-08