Form 4: Verisign EVP Danny R. McPherson Reports Stock Disposals for Tax Obligations

Danny R. McPherson, EVP Technology & CSO of Verisign Inc., reported disposing of shares to cover tax liabilities associated with vesting restricted stock units.

Summary

• Danny R. McPherson, an EVP at Verisign Inc., filed a Form 4 detailing changes in beneficial ownership.
• The reported transactions involve the disposal of common stock to cover tax liabilities.
• These disposals are exempt under Rule 16b-3, as they represent payment of tax liability to the company by delivering or withholding securities incident to the vesting of restricted stock units.
• The transactions occurred on May 15, 2025.
• A total of 621 shares were disposed of at a price of $281.64 per share.
• Following these transactions, McPherson directly owns 30,818 shares of Verisign common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.

Key Dates

Keywords

Form 4, Verisign, Beneficial Ownership, Stock Disposal, Tax Liability, Rule 16b-3, VRSN, McPherson