Form 4: Verisign EVP and CFO George E. Kilguss III Reports Acquisition of Restricted Stock Units

George E. Kilguss III, EVP and CFO of Verisign, reports the acquisition of restricted stock units and shares under the employee stock purchase plan.

Summary

• On February 10, 2025, George E. Kilguss III, EVP and CFO of Verisign, was awarded 7,878 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Verisign common stock once vested.
• The grant vests 25% on February 15, 2026, and then ratably (6.25%) each of the following twelve quarters.
• Kilguss's total direct holdings include 121 shares acquired on January 31, 2025, under the Amended and Restated 2007 Employee Stock Purchase Plan.
• Following the reported transactions, Kilguss beneficially owns 122,125 shares of Verisign common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and alignment of interests.

Positives

• The acquisition of RSUs and shares demonstrates the executive's continued investment in the company's future.
• The vesting schedule of the RSUs incentivizes long-term performance and commitment.

Future Outlook

The vesting schedule of the RSUs extends over three years, indicating a long-term incentive for the executive.

Industry Context

Executive compensation through stock and RSU grants is a common practice in the tech industry to align management interests with shareholder value.

Comparison to Industry Standards

• Verisign's executive compensation practices, including RSU grants, are generally in line with those of other publicly traded technology companies.
• Companies like GoDaddy and Neustar also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• The RSU grants align executive interests with shareholder value, potentially driving long-term growth.
• Employees may view the executive's stock ownership as a positive sign of confidence in the company.

Key Dates

Keywords

Verisign, Kilguss, RSU, Stock, Beneficial Ownership, Form 4, EVP, CFO