Form 4: Verint Systems CEO Dan Bodner Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing


Dan Bodner, Chairman & CEO of Verint Systems Inc, reports acquisition and disposal of common stock related to performance-based stock units (PSUs) vesting and tax withholding.

Summary

  • On April 8, 2025, Dan Bodner, Chairman & CEO of Verint Systems Inc, reported changes in his beneficial ownership of Verint Systems common stock.
  • He acquired 26,189 shares and 42,024 shares of common stock related to the vesting of previously-granted performance-based stock units (PSUs).
  • These PSUs vested based on the company's achievement of specified performance goals for periods ending April 8, 2025, and the filing of the company's Annual Report on Form 10-K for the year ended January 31, 2025.
  • Bodner also disposed of 9,442 shares and 15,552 shares to satisfy tax withholding obligations related to the vesting of the PSUs, at a price of $15.26 per share.
  • Following these transactions, Bodner directly owns 629,141 shares of Verint Systems common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine transactions related to executive compensation. The vesting of PSUs suggests the company met certain performance goals, which is mildly positive.

Positives

  • The vesting of PSUs indicates that the company met certain performance goals, which is a positive sign.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

  • The vesting of PSUs could have a minor positive impact on shareholder sentiment, as it indicates the company achieved certain performance goals.

Key Dates

DateDescription
April 20, 2023Start date for performance goals related to one of the PSU awards.
February 1, 2024Start date for performance goals related to one of the PSU awards.
January 31, 2025End of the year for the Annual Report on Form 10-K, a condition for PSU vesting.
April 8, 2025Date of the transactions (PSU vesting and tax withholding).
April 10, 2025Date of the Form 4 filing.

Keywords

Verint Systems, Dan Bodner, beneficial ownership, Form 4, PSU, stock, vesting, tax withholding

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