Form 4: Verint Systems President Elan Moriah Reports Vesting of Restricted Stock Units and Tax-Related Share Withholding
Insider Transaction Report
Verint Systems Inc. President Elan Moriah reported the vesting of 5,250 restricted stock units (RSUs) and the subsequent withholding of 1,893 shares to cover tax obligations on June 15, 2025.
Summary
- Elan Moriah, President of Verint Systems Inc. (VRNT), reported transactions related to his beneficial ownership.
- On June 15, 2025, 5,250 restricted stock units (RSUs) granted on April 20, 2023, fully vested.
- Upon vesting, 5,250 shares of common stock were acquired by Mr. Moriah.
- Concurrently, 1,893 shares of common stock were disposed of at a price of $17.17 per share to satisfy tax withholding obligations arising from the RSU vesting.
- Following these transactions, Mr. Moriah directly beneficially owns 56,967 shares of common stock.
- Additionally, Mr. Moriah directly beneficially owns 122,469 derivative securities, specifically Restricted Stock Units, after the reported transactions.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine and expected insider transaction related to executive compensation, with no significant positive or negative implications for the company's operational or financial performance.
Positives
- The vesting of 5,250 restricted stock units represents a realization of compensation for the President, Elan Moriah.
- The transaction is a routine and expected part of executive compensation, indicating stability in the company's compensation practices.
Negatives
- 1,893 shares were withheld to cover tax obligations, resulting in a reduction of direct common stock ownership for the reporting person, though this is a standard practice for RSU vesting.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategy.
Industry Context
This Form 4 filing details a routine insider transaction related to executive compensation. It does not provide information directly related to broader industry trends or competitive landscape, as its purpose is to disclose changes in beneficial ownership by an insider.
Stakeholder Impact
- Shareholders: The transaction is a routine compensation event and does not directly impact the company's operational performance or financial health. It reflects the ongoing compensation structure for executives.
- Employees: No direct impact on general employees is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Date 5,250 restricted stock units (RSUs) were granted to the reporting person. |
| 06/15/2025 | Date 5,250 restricted stock units (RSUs) vested and common stock was acquired; also the date shares were withheld for tax. |
| 06/17/2025 | Date the Form 4 filing was signed and submitted. |
Keywords
Verint Systems, VRNT, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Share Withholding, Beneficial Ownership
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