Form 4: Verra Mobility Exec's Equity Grant & Tax Withholding

Verra Mobility's EVP of Government Solutions, Jonathan Baldwin, reported the vesting of performance share units and subsequent tax-related share disposition.

Summary

• Jonathan Baldwin, EVP-Government Solutions at Verra Mobility Corp (VRRM), reported transactions involving Class A Common Stock.
• Acquired 21,339 shares of Class A Common Stock on March 16, 2026, at a price of $0, representing shares earned under a 2023 performance share unit (PSU) award.
• The PSU award was based on the achievement of performance goals over the 2023-2026 performance period.
• Disposed of 9,888 shares of Class A Common Stock on March 16, 2026, at a price of $16.70.
• These disposed shares were withheld to satisfy tax liability upon the vesting of the performance share units.
• The reported share price of $16.70 was the closing price on March 2, 2026, which was used for tax withholding purposes and marked the end date of the performance period.
• Following these transactions, Jonathan Baldwin beneficially owns 37,887 shares of Class A Common Stock directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive. While it's a routine compensation event, the vesting of performance share units indicates that the company met its performance goals, which is a positive signal for investors.

Positives

• The vesting of 21,339 performance share units indicates that Verra Mobility met specific performance goals set for the 2023-2026 period, reflecting positively on company performance.

Negatives

• The disposition of 9,888 shares to cover tax liabilities reduces the executive's direct beneficial ownership, although this is a standard practice for equity compensation.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it reports historical insider transactions.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine executive compensation event, specifically the vesting of performance share units and the subsequent tax withholding. Such transactions are common across industries for publicly traded companies, reflecting the execution of pre-established compensation plans tied to company performance.

Comparison to Industry Standards

• The use of performance share units (PSUs) as a component of executive compensation is a widespread practice among U.S. public companies, aligning executive incentives with long-term shareholder value creation.
• The withholding of shares to cover tax obligations upon the vesting of equity awards is a standard and efficient mechanism for managing tax liabilities in executive compensation plans, consistent with practices observed at companies like Apple (AAPL) or Microsoft (MSFT) when their executives' restricted stock units (RSUs) or PSUs vest.

Related Party Transactions

• The transactions involve an executive (Jonathan Baldwin) and the company (Verra Mobility Corp), which constitutes a related party transaction. However, it is a standard and pre-approved component of executive compensation.

Stakeholder Impact

• Shareholders gain transparency into executive compensation and the achievement of performance targets, which can influence perceptions of management's alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of performance share units and subsequent tax withholding. It does not contain new material information that would typically warrant a change in investment recommendation. Investors should consider this as part of the ongoing compensation structure rather than a signal for significant stock price movement.

Keywords

Verra Mobility, VRRM, Form 4, Insider Transaction, Executive Compensation, Performance Share Units, Equity Vesting, Tax Withholding, Jonathan Baldwin