---
schema_version: "secwatch.filing_event.v1"
accession: "0001013857-23-000063"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:11:34.146960+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Pegasystems boosts share reserve by 6M shares in LTIP amendment; discloses 2023 executive comp

## Summary
- Board approved amendment to 2004 LTIP, increasing shares available by 6,000,000, subject to shareholder approval.
- CEO Alan Trefler: base salary $495,000, target bonus 100%; COO/CFO Kenneth Stillwell: $530,000, 70% target.
- Chief Product Officer Kerim Akgonul: $450,000 base, 60% target; Chief of Clients Leon Trefler: $400,000 base, 50% target plus $375,000 sales commissions.
- John Higgins (Chief of Client & Partner Success): base £371,000, 50% target plus £145,000 sales commissions.
- Aggregate target incentive payments for executive officers total $1,336,000 and £185,500.

## SEC filing metadata
- accession: 0001013857-23-000063
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000063/0001013857-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000063/pega-20230306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-23-000063
- JSON: https://secwatch.observer/filing/0001013857-23-000063.json
- Plain text: https://secwatch.observer/filing/0001013857-23-000063.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.