Form 4: Varonis Systems SVP James O'Boyle Reports Changes in Beneficial Ownership
SEC Form 4 Filing
James O'Boyle, SVP of Worldwide Sales at Varonis Systems, reports changes in beneficial ownership of company stock due to tax withholding on vesting restricted stock units and performance vesting units.
Summary
- On February 29, 2024, James O'Boyle, SVP of Worldwide Sales at Varonis Systems, reported a transaction involving common stock.
- 77,873 shares were disposed of to satisfy tax withholding requirements on vesting of restricted stock units and performance vesting units at a price of $50.8.
- Following the transaction, O'Boyle directly owns 569,114 shares of Varonis Systems common stock.
- O'Boyle also indirectly owns 30,000 shares held by the James O'Boyle 2014 Family Trust.
- The report also mentions that 775 shares of Common Stock were purchased under the Issuer's 2015 Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of stock transaction |
| 03/04/2024 | Date of signature on the report |
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