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

Verint Systems CEO Dan Bodner sold 16,932 shares of common stock on September 16, 2024, to cover tax withholding obligations from vested restricted stock units.

Summary

• On September 16, 2024, Dan Bodner, Chairman & CEO of Verint Systems Inc., sold 16,932 shares of the company's common stock.
• The sale was executed to satisfy tax withholding requirements resulting from the vesting of restricted stock units on September 12, 2024.
• The shares were sold at a weighted average price of $25.85, with individual sales prices ranging from $24.86 to $26.83 per share.
• Following the transaction, Bodner directly owns 592,832 shares of Verint Systems Inc.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) and doesn't inherently convey positive or negative sentiment about the company's performance or future 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 sale could have a minor, temporary impact on the stock price due to increased selling pressure.

Key Dates