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Alan Trefler

Chairman of the Board of Directors and Chief Executive Officer at PEGASYSTEMS
Board
Since 1983
Age
69 years
Education
Earned a B.A. degree in economics and computer science from Dartmouth College.
Tenure
Founded the company in 1983 and has served as Chairman of the Board of Directors and Chief Executive Officer since its inception.

Also at PEGASYSTEMS

EK
Efstathios Kouninis
Senior Vice President of Finance
JH
John Higgins
Chief of Client & Partner Success
KS
Kenneth Stillwell
Chief Operating Officer

About

Alan Trefler is a seasoned executive known for his long-standing leadership in the software industry. As of April 2025, he is 69 years old, which underscores his extensive experience and longevity in his field.

He founded the company in 1983 and has served as Chairman of the Board of Directors and Chief Executive Officer since the organization of the business, playing a pivotal role in shaping its strategic direction and growth.

His academic background includes earning a B.A. degree in economics and computer science from Dartmouth College, providing a strong foundation for his professional endeavors.

Throughout his career, his leadership at the company has been marked by consistent vision and commitment, making him a key figure in the software industry and contributing significantly to the company’s evolution.

$PEGA Performance Under Alan Trefler

Past Roles

OrganizationRoleDate RangeDetails
TMI Systems Corporation Managed an electronic funds transfer product Pre-1983 Prior role before founding Pegasystems

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$571,731 Annual; pro-rated effective April 1, 2024; annualized to $600,000 Increased from $495,000 in 2023 to reflect leadership performance
Stock Awards (Non-performance based)$6,499,454 (grant value) Vesting over four yearsGrant Date: March 5, 2024; Exercise Price: $62.10
Non-Equity Incentive Plan BonusTarget: $571,731; Threshold: $400,212; Bonus Paid: $600,000 Annual bonus based on pro-rated base salaryNo maximum payout; compensation based on performance of pro-rated salary post-April 1 increase

Performance Compensation

Data from  FY 2024

Option Awards (Performance-Based Stock Options)

MetricValueDetails
Grant DateMarch 5, 2024
Grant Date Fair Value$6,499,454
Grant Date Stock Price$62.10 Exercise price of the options
Vesting Schedule25% on 1st anniversary; 75% on 2nd anniversary25% vesting is contingent on FY 2024 Rule of 40 performance; 75% vesting on FY 2025 based on Rule of 40 & ACV Growth
Performance Metrics (FY 2024)Rule of 40 targets: 39+ (100%), 38+ (95%), 37+ (85%), 36+ (70%), 35+ (50%), <35 (0%)Determines vesting eligibility for 25% tranche
Performance Metrics (FY 2025)ACV Growth: 10% (80%), 11% (100%), 12% (120%), 13% (140%), 14% (160%), 15% (180%)Determines vesting eligibility for 75% tranche
ConditionsVesting occurs only upon meeting performance thresholds; unearned PSOs are forfeitedPerformance achievements are evaluated on the grant date established measures