Form 4: Verint Systems Executive Peter Fante Reports Stock Transactions and Correction of Previous Filings
SEC Form 4
Chief Administrative Officer Peter Fante of Verint Systems Inc. reports stock sales, vesting of restricted stock units (RSUs), and corrections to previously filed forms regarding RSU reporting.
Summary
- Peter Fante, Chief Administrative Officer of Verint Systems Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report includes the vesting of 3,334 RSUs on April 12, 2025, granted on April 25, 2022.
- Additionally, 8,994 RSUs vested on April 12, 2025, from a grant of 44,974 RSUs on April 22, 2024.
- Fante sold 9,439 shares of common stock on April 15, 2025, at a weighted average price of $16.50 per share, with prices ranging from $16.41 to $16.63.
- The filing also corrects previous Forms 4 where RSUs were incorrectly reported in Table I instead of Table II, overstating the number of shares of common stock owned by 58,808 shares.
- The corrected filings are from April 27, 2022, April 24, 2023, and April 23, 2024.
- Fante now beneficially owns 20,450 shares of common stock following the reported transactions.
Sentiment
Score: 6
Explanation: The document primarily reports routine stock transactions and a correction of past errors. While the correction is a negative, the overall impact is neutral.
Negatives
- Previous filings contained errors, overstating common stock ownership by 58,808 shares.
Industry Context
Form 4 filings are a routine part of compliance for company insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 04/25/2022 | Reporting person was granted 3,334 restricted stock units |
| 04/27/2022 | Incorrect Form 4 filing date |
| 04/20/2023 | Reporting person was granted 10,500 restricted stock units |
| 04/24/2023 | Incorrect Form 4 filing date |
| 04/22/2024 | Reporting person was granted 44,974 restricted stock units |
| 04/23/2024 | Incorrect Form 4 filing date |
| 04/12/2025 | 3,334 RSUs vested |
| 04/12/2025 | 8,994 RSUs vested |
| 04/15/2025 | Shares sold at an average price of $16.50 |
Keywords
Form 4, Verint Systems, Peter Fante, Stock Sale, RSU Vesting, Beneficial Ownership, Correction
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