Form 4: Verisign Director Jamie Gorelick Receives Restricted Stock Units

Director Jamie Gorelick reports the acquisition of restricted stock units in Verisign, Inc.

Summary

• On July 22, 2024, Jamie S. Gorelick, a director of Verisign Inc., was awarded 1,408 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Verisign, Inc. common stock once vested.
• The grant vests 100% on the date of grant, subject to applicable taxes upon delivery.
• Following the transaction, Gorelick indirectly owns 21,315 shares of common stock through the Jamie S. Gorelick Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock awards, so the sentiment is neutral.

Positives

• The immediate vesting of the RSUs could be seen as a positive incentive for the director.

Industry Context

This is a standard practice for compensating board members in publicly traded companies.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies, often used to align the interests of directors with those of shareholders.
• Comparable companies in the tech sector, such as GoDaddy or Neustar, also utilize equity-based compensation for their board members.

Stakeholder Impact

• The granting of RSUs to a director aligns their interests with those of shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates