Form 4: Verint Systems CEO Dan Bodner Sells Shares to Cover Tax Obligations

Verint Systems CEO Dan Bodner sold 6,910 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Dan Bodner, the Chairman and CEO of Verint Systems Inc., sold 6,910 shares of common stock on December 15, 2024.
• The sale was executed to cover tax withholding obligations resulting from the vesting of previously disclosed restricted stock units.
• The price per share used to calculate the number of shares sold was $29.01, which was the closing price of Verint's common stock on the last trading day before the vesting.
• Following the transaction, Mr. Bodner beneficially owns 585,922 shares of Verint Systems Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for them to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of shares by Dan Bodner is consistent with standard procedures for handling restricted stock unit vesting.
• Similar transactions are regularly reported by executives at comparable technology companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Verint Systems, Dan Bodner, stock sale, restricted stock units, tax withholding, insider trading, SEC Form 4