Pegasystems (PEGA) has released an update.
Pegasystems Inc. has rolled out a new Incentive Plan for its executive officers, aimed at driving performance for the 2024 fiscal year. Bonuses will be allocated from a fund created if the company hits specific financial and strategic targets. These bonuses can be received in cash or as restricted stock units, with the latter option pegged at 85% of market value. However, the rewards are contingent upon both the company’s performance reaching at least a 70% threshold and the individual’s continuous employment and performance contributions, underscoring a pay-for-performance culture within the organization.
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