Form 4: Verint Systems CFO Grant Highlander Sells Shares to Cover Tax Obligations

Grant Highlander, CFO of Verint Systems Inc., sold 1,085 shares of common stock on June 18, 2024, to satisfy tax withholding obligations related to vested RSUs.

Summary

• Grant Highlander, the Chief Financial Officer of Verint Systems Inc., sold 1,085 shares of the company's common stock on June 18, 2024.
• The sale was executed to cover tax withholding requirements resulting from the vesting of previously disclosed Restricted Stock Units (RSUs) on June 15, 2024.
• The shares were sold at a weighted average price of $35.04, with individual sales prices ranging from $34.58 to $35.76 per share.
• Following the transaction, Highlander directly owns 134,656 shares of Verint Systems Inc.
• The reporting person will provide full information regarding the number of shares sold at each separate price upon request to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and are generally not indicative of a change in the executive's confidence in the company.

Key Dates