Verint (VRNT) director equity and RSUs cashed out at $20.50
Rhea-AI Filing Summary
Verint Systems Inc. (VRNT) director-level holdings were updated to reflect the closing of the company’s merger with Calabrio, Inc. on 11/26/2025. Under the merger agreement, each share of Verint common stock outstanding immediately before the effective time was automatically canceled and converted into the right to receive $20.50 in cash per share, without interest.
The filing also shows activity in restricted stock units (RSUs). Each RSU represents a right to receive one share of Verint common stock and/or cash upon vesting. As of the merger’s effective time, these RSUs became fully vested and entitled to receive the same cash merger consideration as the common shares, aligning the director’s equity awards with the cash-out transaction.
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FAQ
What does this Form 4 filing report for Verint Systems (VRNT)?
The Form 4 reports changes in a Verint Systems Inc. director’s equity holdings on 11/26/2025, tied to the completion of Verint’s cash merger with Calabrio, Inc.
What cash amount did Verint Systems (VRNT) shareholders receive in the merger?
Each share of Verint common stock outstanding immediately before the effective time was canceled and converted into the right to receive $20.50 in cash without interest.
How were Verint Systems (VRNT) restricted stock units treated in the merger?
Each Verint RSU represents a right to receive one share of common stock and/or cash upon vesting. Under the merger agreement, all such RSUs became fully vested at the effective time and were entitled to receive the same $20.50 per share merger consideration.
What type of relationship does the reporting person have with Verint Systems (VRNT)?
The reporting person is identified as a Director of Verint Systems Inc. on the Form 4.
On what date did the reported Verint Systems (VRNT) transactions occur?
The earliest transaction date reported in the Form 4 is 11/26/2025, which aligns with the effective time of the merger.
Did the Verint Systems (VRNT) Form 4 involve derivative securities?
Yes. Table II shows derivative activity in the form of restricted stock units, which were exercised or converted in connection with the merger and became entitled to the cash merger consideration.
Who signed this Verint Systems (VRNT) Form 4?
The Form 4 was signed by /s/ Peter D. Fante, as Attorney-in-Fact for Stephen J. Gold, on 11/26/2025.