Form 4: Verint Systems Director Corrects Previous Filing, Reports RSU Vesting

William Kurtz, a director at Verint Systems Inc., amended a previous Form 4 filing to correct the reporting of restricted stock units (RSUs) and reported the vesting of RSUs on April 10, 2025.

Summary

• On April 22, 2024, William Kurtz, a director at Verint Systems Inc., was granted 6,859 restricted stock units (RSUs) that were subject to time vesting.
• Each RSU represents the right to receive one share of Verint Systems Inc. common stock or cash upon vesting.
• All 6,859 RSUs vested on April 10, 2025.
• The reporting person corrected a previous overstatement of common stock shares owned due to RSUs being incorrectly reported in Table I instead of Table II in a Form 4 filed on April 24, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it primarily involves routine reporting of stock transactions and a correction of a previous filing. There are no indications of significant positive or negative events.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The correction of the previous filing ensures accurate information for shareholders regarding insider ownership.

Key Dates

Keywords

Form 4, Verint Systems Inc, VRNT, Director, William Kurtz, Restricted Stock Units, RSUs, Vesting, SEC Filing