Form 4: Verisk Analytics CLO Reports Equity Transactions

Verisk Analytics' Chief Legal Officer, Kathy Card Beckles, reported the acquisition of common stock and stock options, alongside tax-related dispositions, stemming from equity incentive plans.

Summary

• Kathy Card Beckles, Chief Legal Officer of Verisk Analytics, Inc. (VRSK), reported several transactions involving company equity.
• On January 14, 2026, Beckles acquired 5,856 shares of common stock at a price of $0, resulting from the settlement of performance stock units granted on January 15, 2023, which vested based on relative TSR and ROIC performance conditions and satisfaction of the service condition.
• Concurrently on January 14, 2026, 2,639 shares of common stock were disposed of at $223.69 to cover tax liabilities associated with the vesting and settlement of these performance stock units.
• On January 15, 2026, Beckles acquired 1,576 restricted stock units of common stock at a price of $0, granted under the Issuer's 2021 Equity Incentive Plan, which will vest in four equal annual installments.
• Also on January 15, 2026, 576 shares of common stock were disposed of at $222.05 to cover tax liabilities related to the January 15, 2026 vesting of previously reported restricted stock grants.
• Additionally, on January 15, 2026, Beckles was granted 7,229 stock options with an exercise price of $222.05, under the 2021 Equity Incentive Plan, which will vest in four equal annual installments and expire on January 15, 2036.
• Following these transactions, beneficial ownership of common stock was 13,536 shares, and 7,229 stock options were beneficially owned.

Sentiment

Score: 7

Explanation: The filing reflects routine executive compensation, including the successful vesting of performance-based awards, indicating achievement of company targets, and new equity grants, which are generally positive for management alignment. The dispositions are for tax purposes, which is standard.

Positives

• Acquisition of 5,856 shares of common stock from vested performance stock units, indicating achievement of performance targets (relative TSR and ROIC).
• Grant of 1,576 restricted stock units and 7,229 stock options, aligning management incentives with long-term company performance.

Negatives

• Disposition of 2,639 shares of common stock at $223.69 and 576 shares at $222.05 to cover tax liabilities, reducing direct beneficial ownership.

Future Outlook

No specific forward-looking statements or guidance are provided in this filing.

Industry Context

This filing details routine executive compensation transactions, which are standard practice for publicly traded companies in the financial services and data analytics industry, reflecting the implementation of existing equity incentive plans.

Comparison to Industry Standards

• The structure of performance stock units (TSR and ROIC based) and restricted stock units/options with multi-year vesting schedules is a common practice for executive incentive plans in large public companies like Verisk Analytics, Inc.

Related Party Transactions

• The transactions involve the company's Chief Legal Officer receiving equity awards and disposing of shares for tax purposes, which are common related party dealings within executive compensation frameworks.

Stakeholder Impact

• Shareholders: The vesting of performance-based awards suggests the company met certain performance metrics, which is generally positive. New equity grants align executive interests with long-term shareholder value. Tax-related dispositions are routine and do not reflect a change in sentiment.

Next Steps

• The newly granted restricted stock units will vest in four equal installments on the first, second, third, and fourth anniversaries of the January 15, 2026 grant date.
• The newly granted stock options will vest and become exercisable in four equal installments on the first, second, third, and fourth anniversaries of the January 15, 2026 grant date.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation activities, including the vesting of performance-based equity and new grants, along with tax-related dispositions. Such transactions are standard and expected for executives and do not typically signal a material change in the company's fundamental outlook or operations. While the vesting of performance units indicates past achievement, the overall impact on the company's valuation or future prospects is neutral. Therefore, a 'hold' recommendation is appropriate as this filing alone does not provide new information to warrant a change in investment thesis.

Keywords

Verisk Analytics, VRSK, SEC Form 4, Insider Trading, Equity Incentive Plan, Performance Stock Units, Restricted Stock Units, Stock Options, Executive Compensation, Kathy Card Beckles, Chief Legal Officer