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    Alan Trefler

    Chairman of the Board of Directors and Chief Executive Officer at Pegasystems Inc
    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 Inc

    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