{"schema_version":"secwatch.filing_event.v1","accession":"0001013857-23-000005","form_type":"8-K","ticker":"PEGA","cik":"0001013857","company_name":"PEGASYSTEMS INC","filed_at":"2023-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.490523+00:00","generated_at":"2026-06-19T15:21:05.499556+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Pegasystems approves 2023 executive incentive plan with RSU election option","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001013857-23-000005","json":"https://secwatch.observer/filing/0001013857-23-000005.json","markdown":"https://secwatch.observer/filing/0001013857-23-000005.md","text":"https://secwatch.observer/filing/0001013857-23-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000005/0001013857-23-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000005/pega-20230207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T15:21:05.499556+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}