Pegasystems approves 2023 executive incentive plan with RSU election option

PEGASYSTEMS INC

Plan funded 75% by financial goals, 25% by strategic goals; threshold at 70% of target.
Executives may elect 50% of target bonus as RSUs valued at 85% of grant-date closing price.
Enhanced incentive possible if above 100% funding; no payouts if below 70% threshold.
RSUs vest fully in March 2024, contingent on threshold funding and individual performance.
Plan supersedes other incentive plans for eligible Section 16 officers and ALT members.

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