Form 4: Verint Systems Inc. Executive Peter Fante Reports Changes in Beneficial Ownership

Chief Administrative Officer Peter Fante reports acquisition and disposal of Verint Systems Inc. common stock related to performance-based stock units (PSUs) vesting and tax withholding.

Summary

• Peter Fante, Chief Administrative Officer of Verint Systems Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• On April 8, 2025, Fante acquired 4,515 shares and 7,245 shares of common stock upon the vesting of previously-granted performance-based stock units (PSUs).
• These PSUs vested based on the company's achievement of specified performance goals for periods ending April 8, 2025, and the filing of the company's Annual Report on Form 10-K for the year ended January 31, 2025.
• Also on April 8, 2025, 1,648 shares and 2,612 shares were disposed of to satisfy tax withholding obligations related to the PSU vesting, at a price of $15.26 per share.
• Following these transactions, Fante directly owns 80,814 shares of Verint Systems Inc. common stock.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting transactions. The vesting of PSUs suggests the company met performance goals, which is mildly positive.

Positives

• The vesting of PSUs indicates that the company met certain performance goals, which is a positive sign.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on investor confidence.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the vesting of previously awarded compensation.

Key Dates

Keywords

Form 4, beneficial ownership, Verint Systems Inc., VRNT, Peter Fante, PSU, stock vesting, tax withholding