PEGA Director Dianne Ledingham Receives Award and Option Grant

What Happened Dianne Ledingham, a director of Pegasystems Inc. (PEGA), was granted director compensation on August 15, 2026 consisting of 3,868 unrestricted shares of common stock (acquired at $0.00) and a derivative award recorded as 7,947 shares (acquired at $0.00). The derivative award is a non-statutory stock option that fully vested on issuance and was granted as payment for her annual director service. Both items are reported as awards/grants rather than purchases or sales.

Key Details

• Transaction date: 2026-08-15; Form 4 filed: 2026-08-18.
• Awarded 3,868 unrestricted shares at $0.00 (footnote F1).
• Granted a non-statutory stock option covering 7,947 shares at $0.00 (footnote F2) that fully vested on issuance.
• Total cash paid for these reported items: $0 (compensation in equity).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No late-filing flag indicated in the information provided.

Context These transactions are routine director compensation: unrestricted shares delivered for board service and an option grant that vests on issuance. Such equity grants compensate service and do not necessarily signal the director’s personal market view; they are common annual director pay. The derivative entry reflects an option grant rather than an exercised option or sale; terms like strike price or future exercise conditions were not detailed in the summary provided.