Form 4: Verint Systems Director Richard Nottenburg Corrects Previous Filing, Reports RSU Grant and Vesting

Richard Nottenburg, a director at Verint Systems Inc., filed an amended Form 4 to correct a previous overstatement of common stock holdings and accurately report the grant and vesting of restricted stock units (RSUs).

Summary

• On April 22, 2024, Richard Nottenburg, a director of Verint Systems Inc., was granted 6,859 restricted stock units (RSUs).
• 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 filing corrects an error in a previous Form 4 filed on April 24, 2024, where the reporting person's number of shares of common stock owned was overstated by 6,859 shares.
• The overstatement was due to RSUs being incorrectly reported in Table I instead of Table II.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error and reporting the vesting of RSUs. While the correction indicates a past mistake, the overall impact is neutral.

Negatives

• A previous filing on April 24, 2024, contained an error, overstating the director's common stock holdings 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 of the previous filing ensures accurate information is available to shareholders regarding insider ownership.

Key Dates

Keywords

Form 4, Verint Systems Inc, Richard Nottenburg, Restricted Stock Units, RSUs, Beneficial Ownership, Director, VRNT, Vesting