secwatch.observer — SEC 8-K summary
======================================

Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001013857-24-000007
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385724000007/0001013857-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385724000007/pega-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001013857-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer