---
schema_version: "secwatch.filing_event.v1"
accession: "0001013857-24-000007"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:04:42.838691+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Pegasystems approves 2024 executive incentive plan with 70% threshold funding and optional RSU election

## Summary
- 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.

## SEC filing metadata
- accession: 0001013857-24-000007
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000101385724000007/0001013857-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000101385724000007/pega-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-24-000007
- JSON: https://secwatch.observer/filing/0001013857-24-000007.json
- Plain text: https://secwatch.observer/filing/0001013857-24-000007.txt

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