Form 4: Verint Systems CEO Dan Bodner Reports Vesting of Restricted Stock Units and Tax-Related Share Disposition
Insider Transaction Report
Verint Systems Inc. Chairman and CEO Dan Bodner reported the vesting of 13,535 restricted stock units and the subsequent disposition of 6,910 shares to cover tax obligations on June 15, 2025.
Summary
- Dan Bodner, Chairman & CEO of Verint Systems Inc. (VRNT), reported transactions on June 15, 2025, related to his beneficial ownership.
- 13,535 Restricted Stock Units (RSUs) granted to Mr. Bodner on April 20, 2023, fully vested on June 15, 2025.
- Upon vesting, Mr. Bodner acquired 13,535 shares of Verint Systems Inc. common stock.
- Concurrently, 6,910 shares of common stock were disposed of at a price of $17.17 per share to satisfy tax withholding obligations arising from the RSU vesting.
- Following these reported transactions, Mr. Bodner's direct beneficial ownership of Verint Systems Inc. common stock stands at 492,620 shares.
Sentiment
Score: 5
Explanation: The filing reports a standard executive compensation event involving RSU vesting and tax-related share disposition, which is neutral in sentiment as it reflects a pre-planned and routine transaction.
Positives
- Vesting of 13,535 Restricted Stock Units (RSUs) for Chairman & CEO Dan Bodner, indicating the successful fulfillment of long-term incentive compensation and alignment with shareholder interests.
Negatives
- Disposition of 6,910 shares of common stock at $17.17 per share to cover tax withholding obligations, which is a standard practice upon RSU vesting and not inherently negative.
Future Outlook
NA
Industry Context
This Form 4 filing details a routine insider transaction related to executive compensation, specifically the vesting of Restricted Stock Units (RSUs) and the subsequent disposition of shares to cover tax liabilities. Such transactions are common across industries for publicly traded companies with executive incentive plans.
Stakeholder Impact
- Shareholders: The transaction represents a routine compensation event for a key executive, with minimal direct impact on share price or ownership structure beyond the standard dilution from RSU vesting, partially offset by shares withheld for taxes.
- Employees: Reflects the company's standard executive compensation practices, which may influence broader employee incentive structures.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Grant date of 13,535 Restricted Stock Units (RSUs) to Dan Bodner. |
| 06/15/2025 | Vesting date for all 13,535 RSUs, resulting in the acquisition of common stock and subsequent disposition of shares for tax withholding. |
| 06/17/2025 | Filing date of the SEC Form 4. |
Keywords
Verint Systems, VRNT, Dan Bodner, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Share Disposition
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