Form 4: Verisign SVP John Calys Reports Stock Disposals for Tax Obligations

Verisign's SVP, Controller, and Chief Accounting Officer, John Calys, reported disposing of shares to cover tax liabilities related to vesting restricted stock units.

Summary

• On February 15, 2025, John Calys, SVP, Controller, and Chief Accounting Officer of Verisign Inc., disposed of common stock to cover tax liabilities.
• The disposals were exempt under Rule 16b-3, involving the delivery or withholding of securities incident to the vesting of restricted stock units.
• The transactions resulted in the disposal of 31, 35, 37, and 192 shares at a price of $229.24 per share.
• Following these transactions, Calys beneficially owns 24,182 shares of Verisign common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neither particularly positive nor negative. The sentiment is neutral.

Industry Context

This is a routine disclosure related to executive compensation and tax obligations. It's common for executives to sell shares to cover taxes when restricted stock units vest.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units and subsequent tax-related sales, are standard across publicly traded companies.
• Companies like Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN) also see similar filings from their executives regularly.
• The specific number of shares and value depend on the individual's compensation package and the company's stock performance.

Stakeholder Impact

• The stock disposal is unlikely to have a significant impact on shareholders, as it is a routine transaction.
• The transaction does not directly affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

Verisign, John Calys, Form 4, Stock Disposal, Tax Liability, Restricted Stock Units, Beneficial Ownership, Rule 16b-3