Form 4: Verint Systems Executive Peter Fante Sells Shares to Cover Tax Obligations

Verint Systems Chief Administrative Officer Peter Fante sold 1,787 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Peter Fante, Chief Administrative Officer of Verint Systems Inc., sold 1,787 shares of common stock on December 15, 2024.
• The sale was executed to satisfy tax withholding obligations resulting from the vesting of restricted stock units.
• The price per share used for the transaction was $29.01, which was the closing price of Verint's common stock on the last trading day before the vesting.
• Following the transaction, Fante directly owns 89,547 shares of Verint Systems Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It is neither positive nor negative from an investment perspective.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any specific trend or issue within the industry.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the price are consistent with typical transactions of this nature.
• Similar transactions can be seen in companies like NICE Ltd. and Genesys, which also operate in the customer engagement and security intelligence space.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• There is no significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Verint Systems, Peter Fante, stock sale, restricted stock units, tax withholding, insider trading, executive compensation