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

Linda Crawford, a director at Verint Systems Inc., filed an amended Form 4 to correct a previous overstatement of common stock holdings and to properly report restricted stock units (RSUs).

Summary

• Linda Crawford, a director at Verint Systems Inc., filed an amended Form 4 with the SEC.
• The filing corrects an error in a previous Form 4 filed on April 24, 2024, where the number of common stock shares owned was overstated by 6,859 shares.
• This overstatement was due to RSUs being incorrectly reported in Table I instead of Table II.
• The corrected filing shows that on April 22, 2024, Crawford was granted 6,859 restricted stock units (RSUs) that vested on April 10, 2025.
• Each RSU represents the right to receive one share of Verint Systems Inc. common stock or cash upon vesting.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. While the initial error is a slight negative, the correction itself is a positive sign of transparency and adherence to regulations.

Negatives

• A previous filing (Form 4 filed on April 24, 2024) contained an error, overstating the number of common stock shares owned by Linda Crawford by 6,859 shares.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Corrections, while not ideal, are also a normal part of the process.

Stakeholder Impact

• The correction ensures accurate information is available to shareholders regarding insider ownership.

Key Dates

Keywords

Form 4, Verint Systems Inc, VRNT, Linda Crawford, Restricted Stock Units, RSUs, SEC Filing, Director