Form 4: Verisign EVP and CFO George E. Kilguss, III, Reports Stock Disposals for Tax Obligations

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 August 15, 2024, George E. Kilguss, III, EVP and CFO of Verisign Inc., reported the disposal of common stock to cover tax liabilities.
• The disposals were exempt under Rule 16b-3 and involved the withholding of securities incident to the vesting of restricted stock units.
• A total of 565 shares were disposed of at a price of $177.77 per share.
• Following the reported transactions, Kilguss directly owns 114,691 shares of Verisign common stock.
• This total includes 12 shares acquired on July 31, 2024, under the Amended and Restated 2007 Employee Stock Purchase Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation and tax obligations. There is no indication of positive or negative implications for the company's performance.

Positives

• The transactions are a normal part of executive compensation related to vesting of restricted stock units.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. This filing is a routine disclosure.

Stakeholder Impact

• The transaction has minimal direct impact on stakeholders as it is a routine executive stock disposal for tax purposes.

Key Dates