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

Peter Fante, Chief Administrative Officer of Verint Systems Inc., sold 6,330 shares of common stock on September 16, 2024, to cover tax withholding obligations from vested restricted stock units.

Summary

• On September 16, 2024, Peter Fante, the Chief Administrative Officer of Verint Systems Inc., sold 6,330 shares of the company's 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 prices ranging from $24.86 to $26.83 per share.
• Following the transaction, Fante directly owns 91,334 shares of Verint Systems Inc.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) with no inherent positive or negative implications for the company's overall outlook.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. This transaction appears to be related to tax obligations arising from vested restricted stock units, which is a typical scenario.

Key Dates