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

Verint Systems CEO Dan Bodner sold 6,096 shares of common stock on June 11, 2024, to satisfy tax withholding obligations related to the vesting of previously disclosed Restricted Stock Units (RSUs).

Summary

• On June 11, 2024, Dan Bodner, Chairman and CEO of Verint Systems Inc., sold 6,096 shares of the company's common stock.
• The sale was executed at a weighted average price of $36.11 per share, with individual sales prices ranging from $35.45 to $36.71.
• This transaction was conducted to cover tax withholding requirements resulting from the vesting of previously disclosed RSUs on June 10, 2024.
• Following the transaction, Bodner still beneficially owns 985,652 shares of Verint Systems Inc.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (stock sale for tax purposes) by the CEO. It's neutral to slightly positive as it reflects the CEO's compensation structure and doesn't necessarily indicate a change in sentiment towards the company's prospects.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The stock sale may have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates