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/CA, reported disposing of 26 shares of common stock on July 15, 2024, to cover tax liabilities.
Summary
- On July 15, 2024, Danny R. McPherson, an Executive Vice President and Chief Security Officer at Verisign Inc/CA, disposed of 26 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $176.9 per share.
- Following the transaction, McPherson directly owns 29,155 shares of Verisign common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an insider to cover tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations through stock disposal.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of stock disposal transaction |
| 07/16/2024 | Date of signature on the Form 4 filing |
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