Form 4: Verisign EVP and CFO George E. Kilguss, III, Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
George E. Kilguss, III, EVP and CFO of Verisign, reported disposing of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On February 15, 2025, George E. Kilguss, III, EVP and CFO of Verisign INC/CA, disposed of a total of 1,573 shares of common stock to cover tax liabilities.
- The transactions were exempt under Rule 16b-3, involving the delivery or withholding of securities incident to the vesting of restricted stock units.
- The price per share for these transactions was $229.24.
- Following these transactions, Kilguss directly owns 123,844 shares of Verisign common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a common and expected practice.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on stakeholders as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock disposal transactions. |
| 02/19/2025 | Date of signature by Power of Attorney. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.