Form 4: Verisign Executive Danny R. McPherson Reports Stock Transaction

Verisign's EVP of Technology & CSO, Danny R. McPherson, disposed of 20 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Danny R. McPherson, EVP of Technology & CSO at Verisign, reported a transaction involving the company's common stock.
• On January 15, 2025, Mr. McPherson disposed of 20 shares of Verisign common stock.
• The shares were disposed of at a price of $210.1 per share.
• This transaction was to cover tax liabilities associated with the vesting of restricted stock units.
• Following the transaction, Mr. McPherson directly owns 26,137 shares of Verisign common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a normal part of compensation for publicly traded companies.
• Form 4 filings are standard practice for reporting these transactions to the SEC.
• The transaction is consistent with typical tax liability management related to vesting of restricted stock units.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale of shares by an executive.

Key Dates

Keywords

Verisign, stock transaction, insider trading, Form 4, Danny R. McPherson, restricted stock units, tax liability