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

Verint Systems CEO Dan Bodner sold shares of common stock on June 18, 2024, to cover tax withholding obligations related to stock bonus program and RSU vesting.

Summary

• Dan Bodner, Chairman & CEO of Verint Systems Inc., sold shares of common stock on June 18, 2024.
• 7,100 shares were sold at a weighted average price of $35.04 to satisfy tax withholding from the issuance of shares under the company's Stock Bonus Program.
• An additional 7,177 shares were sold at a weighted average price of $35.04 to cover tax withholding from the vesting of previously disclosed RSUs.
• Following these transactions, Bodner directly owns 984,764 shares of Verint Systems Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to tax obligations, indicating a neutral sentiment.

Industry Context

Executive stock sales are a common occurrence, often related to tax obligations or portfolio diversification. Monitoring these transactions can provide insights into management's perspective on the company's value.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates