secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001013857-26-000019
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pegasystems approves 2026 executive incentive plan with 70% threshold and RSU election option
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- Incentive plan funded based on 75% financial and 25% strategic goals; funding requires at least 70% achievement.
- Executive officers may elect 50% of target bonus as RSUs valued at 85% of grant date closing price.
- RSUs granted in March 2026, vest 100% on payout date in March 2027 conditional on threshold funding and individual performance.
- If corporate goal achievement exceeds 100%, board may discretionarily enhance incentive funding.
- Target incentive for each officer set by Compensation Committee at beginning of plan year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385726000019/0001013857-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385726000019/pega-20260209.htm
  HTML page:      https://secwatch.observer/filing/0001013857-26-000019

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