secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001013857-25-000016
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pegasystems Compensation Committee approves 2025 executive bonus plan
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- Plan funding based 75% on financial goals and 25% on strategic goals; threshold is 70% of target.
- If Corporate Goal attainment below 70%, no bonus pool is funded; above 100% allows discretionary enhancement.
- Executives may elect 50% of target bonus as RSUs at 85% of grant-date FMV, vesting fully on payout date.
- RSU vesting conditioned on threshold funding and individual performance; grant expires if threshold not met.
- Compensation Committee retains discretion to increase or decrease corporate funding or individual payouts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385725000016/0001013857-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385725000016/pega-20250204.htm
  HTML page:      https://secwatch.observer/filing/0001013857-25-000016

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