Form 4: Verisign Executive Danny R. McPherson Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Danny R. McPherson, EVP Engineering & CSO of Verisign Inc., disposed of 26 shares of common stock on October 15, 2024, to cover tax liabilities associated with vesting restricted stock units.
Summary
- On October 15, 2024, Danny R. McPherson, EVP Engineering & CSO of Verisign Inc., reported a transaction involving the disposal of 26 shares of common stock.
- The shares were disposed of to cover tax liabilities related to the vesting of restricted stock units.
- The transaction was exempt under Rule 16b-3, indicating it was a payment of tax liability to the company by delivering or withholding securities.
- Following the transaction, McPherson directly owns 28,737 shares of Verisign common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate any positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It's a common practice for executives to sell shares to cover tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of stock disposal transaction. |
| 10/16/2024 | Date of signature on the Form 4 filing. |
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