other material
confidence high
sentiment neutral
materiality 0.25
Pegasystems approves 2024 executive incentive plan with 70% threshold funding and optional RSU election
PEGASYSTEMS INC
- Compensation Committee approved 2024 Corporate Incentive Compensation Plan for executive officers on Feb 6, 2024.
- Plan funded based 75% on financial goals and 25% on strategic goals; no funding if below 70% of target.
- Executives may elect 50% of target bonus as RSUs at 85% of fair market value, granted March 2024, vesting in 2025 subject to threshold funding.