Form 4: Verisign Executive Danny R. McPherson Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Danny R. McPherson, EVPEngineering, Ops. & CSO of Verisign Inc., disposed of 26 shares of common stock on April 15, 2024, to cover tax liabilities associated with vesting restricted stock units.
Summary
- On April 15, 2024, Danny R. McPherson, an executive at Verisign Inc., reported a transaction involving the company's common stock.
- McPherson disposed of 26 shares at a price of $183.2 per share.
- This disposal was executed to cover tax liabilities related to the vesting of restricted stock units.
- Following the transaction, McPherson directly owns 30,869 shares of Verisign Inc.
- The transaction was exempt under Rule 16b-3, indicating it was related to the payment of tax liability through the delivery or withholding of securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This particular filing relates to the disposal of shares to cover tax obligations, a common practice among executives who receive stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of stock disposal transaction. |
| 04/16/2024 | Date of signature by Attorney-in-Fact. |
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