Higgins John Gerard 4

What Happened
John Gerard Higgins, Chief, Client & Partner Success at Pegasystems (PEGA), had 2,278 restricted stock units (RSUs convert/derivative) vest on 2026-06-07. All 2,278 RSUs were converted into common shares; 1,272 of those shares were surrendered/withheld to cover tax withholding at $34.71 per share (total $44,151), leaving 1,006 net shares issued to Higgins. The RSU conversion is reported as a derivative exercise/conversion (code M) with a tax withholding disposition (code F).

Key Details

• Transaction date: 2026-06-07; Form 4 filed 2026-06-09 (appears timely within the 2-business-day window).
• Converted/issued: 2,278 shares (RSU conversion, reported at $0 exercise price).
• Withheld for taxes: 1,272 shares at $34.71/share = $44,151 (disposed under code F).
• Net shares delivered to insider: 1,006 shares (approximate market value ≈ $34,918 at $34.71).
• Footnotes: F1 — each RSU = right to one share; F2 — the award vests 25% on the date exercisable with remaining 75% vesting quarterly over the next 3 years.
• Shares owned after the transaction are not specified in the provided filing.

Context

• This was a standard RSU vesting and tax-withholding event (not an open-market sale). The company withheld shares to satisfy tax obligations rather than selling shares on market — a routine administrative action that does not by itself signal a buy or sell decision.
• For derivative entries: the filing shows both the RSU/derivative being converted (disposed) and the underlying shares being acquired, which is common reporting for vested equity awards.