Form 4: Verint Systems Director Corrects Previous Filing Regarding Restricted Stock Units

Yvette H. Smith, a director at Verint Systems Inc., filed an amended Form 4 to correct a previous overstatement of common stock holdings and misreporting of restricted stock units (RSUs).

Summary

• On April 14, 2025, Yvette H. Smith, a director of Verint Systems Inc., filed an amended Form 4 with the SEC.
• The amendment corrects a previous filing from April 24, 2024, which overstated the number of common stock shares owned and incorrectly disclosed RSUs in Table I instead of Table II.
• The reporting person was granted 6,859 restricted stock units (RSUs) on April 22, 2024, which vested on April 10, 2025.
• Each RSU represents the right to receive one share of Verint Systems Inc. common stock and/or cash upon vesting.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. There is no indication of positive or negative sentiment, but the correction itself is a positive sign of transparency.

Negatives

• A previous filing on April 24, 2024, contained errors regarding the number of common stock shares and the reporting of RSUs.

Industry Context

This is a standard SEC filing related to changes in beneficial ownership by a company insider. Such filings are common and provide transparency into the transactions of company directors and officers.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.

Key Dates

Keywords

Form 4, Verint Systems Inc, VRNT, Restricted Stock Units, RSUs, Yvette H. Smith, Director, SEC Filing, Beneficial Ownership