Form 4: VeriSign Director Kathleen Cote Awarded 879 Shares
Insider Transaction Report
VeriSign Director Kathleen A. Cote received an award of 879 shares of common stock through restricted stock units, increasing her total beneficial ownership to 28,225 shares.
Summary
- Kathleen A. Cote, a Director of VeriSign, Inc. (VRSN), was awarded 879 shares of common stock on July 21, 2025.
- The award was in the form of restricted stock units (RSUs), with each RSU representing one share of VeriSign, Inc. common stock.
- The grant vests 100% on the date of grant, subject to applicable taxes upon delivery.
- Following this transaction, Ms. Cote's beneficial ownership of VeriSign common stock increased to 28,225 shares.
Sentiment
Score: 7
Explanation: The acquisition of shares by a director, even as part of compensation, generally indicates alignment of interests with shareholders and confidence in the company's future.
Positives
- Director Kathleen A. Cote increased her beneficial ownership in VeriSign, Inc. by 879 shares, aligning her interests further with shareholders.
- The award of restricted stock units (RSUs) vests 100% on the grant date, indicating immediate ownership and a direct incentive for long-term performance.
Industry Context
This filing reports a routine insider transaction related to director compensation, which is a standard practice across various industries to align management and board interests with shareholder value.
Comparison to Industry Standards
- The award of restricted stock units (RSUs) to directors is a common form of equity compensation in publicly traded companies, comparable to practices at other technology and internet infrastructure firms.
Related Party Transactions
- Award of 879 restricted stock units (RSUs) to Director Kathleen A. Cote as part of her compensation package.
Stakeholder Impact
- Shareholders: Increased alignment of Director Kathleen A. Cote's financial interests with those of the company's shareholders due to increased stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/21/2025 | Date of transaction (award of restricted stock units to Kathleen A. Cote). |
| 07/23/2025 | Date the Form 4 was signed by Thomas C. Indelicarto by Power of Attorney for Kathleen A. Cote. |
Keywords
VeriSign, VRSN, Form 4, Insider Transaction, Stock Award, Restricted Stock Units, RSU, Director, Kathleen Cote, Share Ownership
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