Form 4: Verisign Executive John Calys Reports Stock Transactions

John Calys, SVP, Controller, and Chief Accounting Officer of Verisign, reports the acquisition of 1,386 restricted stock units (RSUs) and the disposition of 446 shares for tax liability.

Summary

• On February 13, 2025, John Calys, SVP, Controller, and Chief Accounting Officer of Verisign, reported transactions involving Verisign common stock.
• Calys acquired 1,386 restricted stock units (RSUs) as part of a performance-based award from February 14, 2022, where the actual performance against goals was determined for the performance period.
• These RSUs vest in full on February 13, 2025, and each RSU represents a contingent right to receive one share of Verisign common stock.
• Calys also disposed of 446 shares of common stock at a price of $229.34 to cover tax liabilities associated with the vesting of restricted stock units.
• Following these transactions, Calys beneficially owns 24,477 shares of Verisign common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Positives

• The acquisition of RSUs indicates continued alignment of executive compensation with company performance.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates