Form 4: Verisign Executive Danny R. McPherson Disposes of Shares to Cover Tax Obligations

Verisign's EVP of Technology & CSO, Danny R. McPherson, disposed of 488 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Danny R. McPherson, EVP Technology & CSO at Verisign Inc, disposed of a total of 488 shares of common stock on November 15, 2024.
• The shares were disposed of at a price of $180.88 per share.
• The transactions were made to cover tax liabilities associated with the vesting of restricted stock units.
• Following these transactions, Mr. McPherson directly owns 28,249 shares of Verisign common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neither positive nor negative for the company's performance.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Stock disposals to cover tax liabilities are a standard practice among executives at publicly traded companies.
• The transaction is consistent with typical compensation practices involving restricted stock units.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates

Keywords

Verisign, insider trading, stock disposal, Danny R. McPherson, restricted stock units, tax liability, executive compensation