Higgins John Gerard 4

What Happened

• John Gerard Higgins, Chief, Client & Partner Success at Pegasystems (PEGA), had 2,278 restricted stock units (RSUs convert/derivatives) convert to 2,278 shares on 2026-03-07. Of those, 1,272 shares were withheld to cover tax liabilities at $47.24 per share, generating $60,089; the net shares retained were 1,006.
• This was a vesting/conversion event (derivative conversion/RSU settlement) with share withholding for taxes — not an open-market purchase or sale by the insider.

Key Details

• Transaction date: 2026-03-07; Form 4 filed: 2026-03-10.
• Conversion/vesting: 2,278 shares acquired via derivative conversion (code M).
• Tax withholding: 1,272 shares disposed/withheld at $47.24 each, total $60,089 (code F).
• Net shares received by insider (after withholding): 1,006 shares.
• Shares owned after transaction: not provided in the excerpt.
• Footnotes: F1 — each RSU equals one share on vesting; F2 — this award vests 25% on the Date Exercisable (this event) with the remaining 75% vesting in equal quarterly amounts over the next 3 years.
• Filing timeliness: Form filed on 2026-03-10 for the 2026-03-07 transaction; no late-filing flag included in the provided data.

Context

• This was a routine RSU vesting and net-share settlement to cover taxes (common when RSUs vest). The insider did not make an open-market sale or purchase of additional shares here — the only disposal was the share withholding for tax purposes.
• For retail investors: purchases or open-market sales by insiders often signal stronger intent; vesting events with tax withholding are generally administrative and do not necessarily indicate a change in insider sentiment.