Form 4: VeriSign Executive Disposes Shares for Tax Liability

VeriSign's EVP of Technology and CSO, Danny R. McPherson, disposed of 26.1688 shares of common stock at $281.49 per share to cover tax liabilities related to restricted stock unit vesting.

Summary

• Danny R. McPherson, Executive Vice President of Technology and Chief Security Officer (CSO) at VeriSign Inc. (VRSN), reported a disposition of shares.
• On July 15, 2025, McPherson disposed of 26.1688 shares of VeriSign Common Stock.
• The shares were disposed of at a price of $281.49 per share.
• This transaction was exempt under Rule 16b-3, representing the payment of tax liability to the company through the delivery or withholding of securities incident to the vesting of restricted stock units.
• Following this transaction, Danny R. McPherson beneficially owns 31,573.247 shares of VeriSign Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax liabilities from restricted stock unit vesting, which is a neutral event and does not indicate a change in company fundamentals or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects standard executive compensation practices within the technology sector, specifically related to equity vesting.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction by an executive to cover tax obligations arising from equity compensation.

Key Dates

Keywords

VeriSign, VRSN, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, Danny R. McPherson, Executive Compensation