Form 4: Verint Systems Inc. Executive Elan Moriah Reports Sale of Common Stock
SEC Form 4 Filing
Elan Moriah, President of Verint Systems Inc., reports the sale of 7,160 shares of common stock to cover tax obligations from vesting restricted stock units.
Summary
- On September 16, 2024, Elan Moriah, President of Verint Systems Inc., sold 7,160 shares of common stock.
- The sale was executed to satisfy tax withholding requirements resulting from the vesting of restricted stock units on September 12, 2024.
- The shares were sold at a weighted average price of $25.85, with individual sales ranging from $24.86 to $26.83 per share.
- Following the transaction, Moriah directly owns 139,251 shares of Verint Systems Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports a routine stock sale for tax purposes.
Industry Context
This is a routine Form 4 filing, disclosing an insider's stock sale to cover tax obligations. Such filings are common and provide transparency into executive stock transactions.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Restricted stock units vested. |
| 09/16/2024 | Elan Moriah sold 7,160 shares of common stock. |
| 09/17/2024 | Date of Form 4 filing. |
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