PEGASYSTEMS INC 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market information Our common stock is quoted on the NASDAQ Global Select Market under the symbol “PEGA.” Holders As of February 5, 2021, we had 48 stockholders of record. Dividends During 2020, 2019, and 2018, we paid quarterly cash dividends of $0.03 per share of common stock. We currently expect to pay a quarterly cash dividend of $0.03 per share, however, the Board of Directors may terminate or modify this dividend program at any time without prior notice. Issuer purchases of equity securities (1) Common stock repurchased in the three months ended December 31, 2020: (in thousands, except per share amounts) Total Number of Shares Purchased (2) Average Price Paid per Share (2) Total Number of Shares Purchased as Part of Publicly Announced Share Repurchase Program Approximate Dollar Value of Shares That May Yet Be Purchased at Period End Under Publicly Announced Share Repurchased Programs October 1, 2020 - October 31, 2020 37 $ 125.97 26 $ 43,873 November 1, 2020 - November 30, 2020 105 $ 123.82 23 $ 41,024 December 1, 2020 - December 31, 2020 138 $ 128.76 25 $ 37,726 Total 280 $ 126.54 (1) See "Stock repurchase program" in Item 7 of this Annual Report for additional information. (2) Shares withheld to cover the option exercise price and tax withholding obligations under the net settlement provisions of our stock compensation awards have been included in these amounts. 23 Stock performance graph and cumulative total stockholder return (1) The following performance graph represents a comparison of the cumulative total stockholder return, assuming the reinvestment of dividends, for a $100 investment on December 31, 2015 in our common stock, the Total Return Index for the NASDAQ Composite, a broad market index, and the Standard & Poor’s (“S&P”) North American Technology Sector - Software Index™ (“S&P NA Tech Software”), a published industry index. December 31, 2015 2016 2017 2018 2019 2020 Pegasystems Inc. $ 100.00 $ 131.46 $ 172.58 $ 175.44 $ 292.66 $ 490.22 NASDAQ Composite $ 100.00 $ 108.87 $ 141.13 $ 137.12 $ 187.44 $ 271.64 S&P NA Tech Software $ 100.00 $ 106.20 $ 151.66 $ 170.83 $ 229.93 $ 349.26 (1) The graph lines merely connect measurement dates and do not reflect fluctuations between those dates. ITEM 6. SELECTED FINANCIAL DATA Consistent with the final rules promulgated by the SEC on November 19, 2020 (Release 33-10890 titled “Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Data”), we have elected early adoption of the elimination of Item 301 of Regulation S-K.