Form 4: Verint Systems Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Elan Moriah, President of Verint Systems Inc., sold 1,553 shares of common stock on June 11, 2024, to cover tax obligations arising from the vesting of previously disclosed Restricted Stock Units (RSUs).
Summary
- On June 11, 2024, Elan Moriah, President of Verint Systems Inc., sold 1,553 shares of the company's common stock.
- The sale was executed at a weighted average price of $36.11 per share, with individual sales ranging from $35.45 to $36.71.
- The transaction was conducted to satisfy tax withholding requirements related to the vesting of previously disclosed RSUs on June 10, 2024.
- Following the transaction, Moriah directly owns 146,990 shares of Verint Systems Inc.
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 performance.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. This transaction appears to be a routine sale to cover tax obligations related to vested RSUs.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | RSUs vested for Elan Moriah. |
| 06/11/2024 | Elan Moriah sold 1,553 shares of Verint Systems Inc. common stock. |
| 06/12/2024 | Date of signature for the Form 4 filing. |
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