VRSN.NASDAQVerisign Inc/ca

Form 4: Verisign EVP Danny R. McPherson Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Danny R. McPherson, EVP of Engineering & CSO at Verisign, reports the disposition of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

  • On August 15, 2024, Danny R. McPherson, EVP of Engineering & CSO at Verisign, reported changes in beneficial ownership of Verisign common stock.
  • The transactions involved the disposition of shares to cover tax liabilities associated with the vesting of restricted stock units.
  • A total of 119, 158 and 211 shares were disposed of at a price of $177.77 per share.
  • Following these transactions, McPherson directly owns 28,763 shares of Verisign common stock.
  • McPherson also acquired 96 shares on July 31, 2024, under the Amended and Restated 2007 Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates transactions related to compensation and tax obligations, which are common occurrences.

Stakeholder Impact

  • The transactions have a minimal impact on stakeholders as they are related to routine executive compensation and tax obligations.

Key Dates

DateDescription
07/31/2024Reporting Person acquired 96 shares under the Amended and Restated 2007 Employee Stock Purchase Plan.
08/15/2024Disposition of shares for tax liability related to vesting of restricted stock units.
08/16/2024Date of signature for the report.

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