secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001013857-25-000071
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pegasystems approves 2025 executive compensation; CEO base $600k, target 100%
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- CEO Alan Trefler base salary $600k, target bonus 100% of base.
- COO/CFO Kenneth Stillwell base $550k, target 90%; CPO Kerim Akgonul base $500k, target 75%.
- John Higgins (Chief of Client & Partner Success) base £386k, target 50% + eligible for £225k commissions.
- Leon Trefler (Chief of Clients and Markets) base $415k, target 50% + eligible for $450k commissions.
- Aggregate target incentive plan payments for execs $1,677,500 + £193,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385725000071/0001013857-25-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385725000071/pega-20250304.htm
  HTML page:      https://secwatch.observer/filing/0001013857-25-000071

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