Pegasystems (PEGA) John Higgins Receives RSUs; Shares Withheld

What Happened John Gerard Higgins, Chief, Client & Partner Success at Pegasystems (PEGA), had restricted stock units (RSUs) vest and convert into 1,402 shares on 2026-09-01 (1,030 + 186 + 186). The RSUs converted at $0.00 (derivative conversion). To cover tax withholding, 783 shares were surrendered (575 + 104 + 104) at an implied withholding value of $36.81 per share, totaling approximately $28,822. After withholding, Higgins received a net 619 shares. This was not an open-market sale or purchase — it was tax withholding related to vesting.

Key Details

• Transaction date: 2026-09-01 (Form 4 filed 2026-09-02; timely)
• Conversion entries: 1,030; 186; 186 shares (code M — exercise/conversion of derivative) at $0.00
• Tax withholding: 575 shares ($21,166), 104 shares ($3,828), 104 shares ($3,828) — total 783 shares withheld, ~$28,822 (code F)
• Net shares issued to insider: 619
• Footnotes: F1 — each RSU converts to one share at vesting; F2 — 20% of the award vested on the Date Exercisable and the remaining 80% vests in equal quarterly installments over the next four years
• Filing timeliness: filed the next day; no late-filing indication

Context This was a routine conversion of vested RSUs with shares withheld to satisfy tax obligations (a common "cashless" withholding method). Such withholding and issuance of net shares are administrative and do not necessarily indicate a personal decision to sell shares on the market.