Form 4: Verisign Executive Danny R. McPherson Reports Stock Transactions
SEC Form 4
EVP Danny R. McPherson reports acquisition and disposal of Verisign stock related to vesting of restricted stock units.
Summary
- Danny R. McPherson, EVP Technology & CSO of Verisign Inc., reported transactions involving Verisign common stock.
- On February 13, 2025, McPherson acquired 4,158 shares of common stock at $0 and disposed of 1,274 shares at $229.34 to cover tax liabilities.
- On February 14, 2025, McPherson acquired 700 shares of common stock at $0 and disposed of 293 shares at $229.24 to cover tax liabilities.
- Following these transactions, McPherson directly owns 38,461 shares of Verisign common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it simply reports factual information.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages, such as the vesting of restricted stock units. These transactions provide insights into executive sentiment but are also driven by personal financial planning needs.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time, similar to the RSUs granted to Danny R. McPherson.
- The practice of executives selling shares to cover tax liabilities upon vesting of RSUs is a standard practice across many publicly traded companies.
- Comparing McPherson's stock ownership and transactions to those of executives at comparable companies in the technology sector, such as Neustar (acquired by TransUnion) or Afilias (acquired by Donuts Inc.), would provide a broader context for assessing the significance of these transactions.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they represent a small percentage of the total outstanding shares.
- The transactions are part of the executive's compensation and do not indicate any change in the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 02/14/2022 | Reporting Person was awarded performance based restricted stock units (RSUs). |
| 04/25/2022 | Reporting Person was awarded performance based restricted stock units (RSUs). |
| 02/13/2025 | Actual performance against goals was determined for the performance period of such award and the Reporting Person was awarded 4,158 RSUs. RSUs vest in full on February 13, 2025. |
| 02/13/2025 | McPherson acquired 4,158 shares and disposed of 1,274 shares. |
| 02/14/2025 | Actual performance against goals was determined for the performance period of such award and the Reporting Person was awarded 700 RSUs. RSUs vest in full on February 14, 2025. |
| 02/14/2025 | McPherson acquired 700 shares and disposed of 293 shares. |
| 02/18/2025 | Date of signature for the report. |
Keywords
Verisign, VRSN, Danny R. McPherson, Stock Transactions, Form 4, Restricted Stock Units, RSUs, Beneficial Ownership, Executive Compensation
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