PYLE MICHAEL R 4

Accession 0001013857-22-000053

CIK 0001013857other

Filed

Mar 2, 7:00 PM ET

Accepted

Mar 3, 6:58 PM ET

Size

23.4 KB

Accession

0001013857-22-000053

Form 4

Period: 2022-03-01

Senior VP, Engineering

Transactions

Tax Payment
Common stock
2022-03-02$85.40/sh−371$31,683→ 8,118 total
Exercise/Conversion
Common stock
2022-03-02+768→ 8,886 total
Exercise/Conversion
Common stock
2022-03-03+1,113→ 9,778 total
Award
Restricted Stock Units
2022-03-01+1,656→ 1,656 total
Exercise: $0.00From: 2023-03-01→ Common stock (1,656 underlying)
Exercise/Conversion
Common stock
2022-03-02+1,084→ 8,489 total
Tax Payment
Common stock
2022-03-02$85.40/sh−221$18,873→ 8,665 total
Tax Payment
Common stock
2022-03-03$85.99/sh−327$28,119→ 9,451 total
Exercise/Conversion
Restricted Stock Units
2022-03-02−768→ 1,536 total
Exercise: $0.00From: 2022-03-02→ Common stock (768 underlying)
Award
Restricted Stock Units
2022-03-01+5,860→ 5,860 total
Exercise: $0.00From: 2022-06-01→ Common stock (5,860 underlying)
Exercise/Conversion
Restricted Stock Units
2022-03-02−1,084→ 0 total
Exercise: $0.00From: 2022-03-02→ Common stock (1,084 underlying)
Exercise/Conversion
Restricted Stock Units
2022-03-03−1,113→ 1,115 total
Exercise: $0.00From: 2021-03-03→ Common stock (1,113 underlying)

Footnotes (8)

[F1]Represents 100% vesting on March 2, 2022. The original grant was 1,084 restricted stock units, which were granted on March 2, 2021. As part of the Company's 2021 Corporate Incentive Compensation Plan (CICP), Mr. Pyle elected to receive half of his annual bonus in RSUs.
[F2]Represents a one-third vesting on March 2, 2022. The original grant was 2,304 restricted stock units. The remaining two-thirds will vest in equal installments on March 2, 2023 and March 2, 2024.
[F3]Represents a one-third vesting on March 3, 2022. The original grant was 3,341 restricted stock units. The remaining third will vest on March 3, 2023.
[F4]Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
[F5]Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
[F6]RSUs will vest 25% on June 1, 2022, with the remaining 75% vesting in equal quarterly installments over the following year.
[F7]Once vested, the shares of common stock are not subject to expiration.
[F8]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.

Documents

1 file

PEGASYSTEMS INC

CIK 0001013857

Entity typeother