Tech — Software
Pegasystems Executive Compensation (FY25)
PEGA · Waltham, MA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 18, 2026
329 figures on this page: 321 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Alan Trefler, Chairman and Chief Executive Officer, received $8,332,032 in total compensation for fiscal 2025, and Trefler's total moved 8.5% higher from the $7,681,854 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 73:1, against median employee compensation of $113,833. For fiscal 2025, the say-on-pay proposal drew 97.4% support at the meeting held June 16, 2026. The disclosed peer group names Atlassian Corporation, Dynatrace, Inc., Fair Isaac Corporation, Guidewire Software, Inc. and MongoDB, Inc., among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Alan Trefler: $7,681,854 → $8,332,032 (8.5% higher)
CEO pay ratio: 74.5:1 → 73:1 (2.0% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Pegasystems' chief executive and what were they paid?
Alan Trefler, Chairman and Chief Executive Officer, received $8,332,032 in total compensation for fiscal 2025. Trefler's total moved 8.5% higher from the $7,681,854 reported for fiscal 2024.
What was Pegasystems' say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 97.4% support at the meeting held June 16, 2026.
Which companies are in Pegasystems' peer group?
The disclosed peer group names Atlassian Corporation, Dynatrace, Inc., Fair Isaac Corporation, Guidewire Software, Inc. and MongoDB, Inc., among others.
What is Pegasystems' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 73:1, against median employee compensation of $113,833.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Kenneth Stillwell Chief Operating Officer and Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Alan Trefler Chairman and Chief Executive Officer | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
Leon Trefler Chief of Clients and Markets | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Rifat Kerim Akgonul Chief Product Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
John Gerard Higgins Chief of Client and Partner Success | ◇ | ◇ | ◇ | ◇ | ◇ | — | — | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Alan Trefler Chairman and Chief Executive Officer | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
Kenneth Stillwell Chief Operating Officer and Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Leon Trefler Chief of Clients and Markets | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
John Gerard Higgins Chief of Client and Partner Success | ◇ | ◇ | ◇ | ◇ | ◇ | — | — | ◇ |
Rifat Kerim Akgonul Chief Product Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Alan Trefler Chairman and Chief Executive Officer | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
Kenneth Stillwell Chief Operating Officer and Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Leon Trefler Chief of Clients and Markets | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
John Gerard Higgins Chief of Client and Partner Success | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Rifat Kerim Akgonul Chief Product Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Alan Trefler Chairman and Chief Executive Officer | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
Kenneth Stillwell Chief Operating Officer and Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Leon Trefler Chief of Clients and Markets | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
John Gerard Higgins Chief of Client and Partner Success | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Rifat Kerim Akgonul Chief Product Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Alan Trefler | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| John Gerard Higgins | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Kenneth Stillwell | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Leon Trefler | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Rifat Kerim Akgonul | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Leon Trefler | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| John Higgins | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Rifat Akgonul | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Kenneth Stillwell | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Alan Trefler | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Rohit Ghai | ◇ | ◇ | ◇ | — | — | — | ◇ |
Larry Weber | ◇ | ◇ | ◇ | — | — | — | ◇ |
Christopher Lafond | ◇ | ◇ | ◇ | — | — | — | ◇ |
Sharon Rowlands | ◇ | ◇ | ◇ | — | — | — | ◇ |
Peter Gyenes | ◇ | ◇ | ◇ | — | — | — | ◇ |
Dianne Ledingham | ◇ | ◇ | ◇ | — | — | — | ◇ |
Richard Jones | ◇ | ◇ | ◇ | — | — | — | ◇ |
Alan Trefler served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Atlassian Corporation TEAM
- Dynatrace, Inc. DT
- Fair Isaac Corporation FICO
- Guidewire Software, Inc. GWRE
- MongoDB, Inc. MDB
- Okta, Inc. OKTA
- PTC Inc. PTC
- Twilio, Inc. TWLO
- Veeva Systems Inc. VEEV
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 16, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 17, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 18, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 20, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 21, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 22, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 23, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | June 25, 2019 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Pegasystems disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Pegasystems sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
329 figures on this page: 321 cited to the filing that reported them, 8 calculated from figures it prints.
321 cited to the filing
8 calculated from the filing
Documents cited
- 0001013857-26-000042Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001013857-26-000031CEO Pay Ratio · DIRECTOR COMPENSATION · Grants of Plan-Based Awards · Non-Employee Director Compensation · and 3 more sections
- 0001013857-25-000185Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001013857-25-000112SUMMARY COMPENSATION TABLE
- 0001013857-24-000139Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001013857-24-000096SUMMARY COMPENSATION TABLE
- 0001013857-23-000137Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001013857-23-000089SUMMARY COMPENSATION TABLE
- 0001013857-22-000131Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001013857-21-000152Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-20-177697Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-19-184463Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Pegasystems executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PEGA (accessed 2026).
Short form: data: Velarion
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Tech — Software rankings
Peers Pegasystems discloses
The companies named in PEGA's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}