Form 4: Verisign Executive Thomas C. Indelicarto Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Thomas C. Indelicarto, EVP, Gen Counsel & Secretary of Verisign Inc., reported disposing of common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 15, 2024, Thomas C. Indelicarto, an executive at Verisign Inc., disposed of 128, 158, and 211 shares of common stock at a price of $169.25 per share.
- These disposals were made to cover tax liabilities associated with the vesting of restricted stock units.
- Following these transactions, Indelicarto directly owns 41,458 shares of Verisign Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. They provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock disposal transactions. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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