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

Peter Fante, Chief Administrative Officer of Verint Systems Inc., sold 1,311 shares of common stock on June 18, 2024, to cover tax obligations related to vested RSUs.

Summary

• Peter Fante, Chief Administrative Officer of Verint Systems Inc., sold 1,311 shares of common stock on June 18, 2024.
• The sale was executed to satisfy tax withholding requirements resulting from the vesting of previously disclosed Restricted Stock Units (RSUs) on June 15, 2024.
• The shares were sold at a weighted average price of $35.04, with individual prices ranging from $34.58 to $35.76 per share.
• Following the transaction, Fante directly owns 97,664 shares of Verint Systems Inc.
• The reporting person will provide full information regarding the number of shares sold at each separate price upon request to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations and doesn't indicate a significant positive or negative sentiment.

Industry Context

Executive stock sales for tax purposes are a common occurrence, particularly after vesting of stock options or RSUs. This transaction is a routine part of executive compensation and tax management.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares and is related to tax obligations.

Key Dates