Form 4: Verint Systems Director Stephen Gold Corrects Previous Filing, Reports RSU Vesting and Share Sale

Director Stephen Gold files an amended Form 4 to correct a previous overstatement of common stock holdings and report the vesting of restricted stock units (RSUs) and subsequent sale of shares to cover tax obligations.

Summary

• Stephen Gold, a director of Verint Systems Inc., filed an amended Form 4 with the SEC.
• The filing corrects an overstatement of common stock holdings reported in a previous Form 4 filed on April 24, 2024.
• The error was due to RSUs being incorrectly reported in Table I instead of Table II.
• On April 22, 2024, Gold was granted 6,859 restricted stock units (RSUs) that vested on April 10, 2025.
• Upon vesting on April 10, 2025, 2,744 shares were sold at $16.07 per share to cover tax withholding obligations.
• Following these transactions, Gold directly owns 28,473 shares of common stock and 0 RSUs.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error and reporting standard transactions. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing corrects a previous error and reports standard RSU vesting and tax-related share sales, which are common occurrences.

Key Dates

Keywords

Form 4, Verint Systems, Director, Stephen Gold, RSU, Restricted Stock Units, SEC Filing, VRNT, Beneficial Ownership, Stock Sale, Tax Withholding