Verra Mobility Corp SEC Filings

Verra Mobility (VRRM)12,771 restricted stock units on October 30, 2025. Each RSU represents the right to receive one share of Class A common stock. The award carries a stated price of $0 for the derivative security and is held directly.

The RSUs vest in three equal annual installments beginning on September 19, 2026, with shares delivered on each settlement date. This filing reflects an equity compensation grant, not an open‑market purchase or sale.

Verra Mobility Corporation reported stronger Q3 results. Total revenue was $261.9 million, up from $225.6 million a year ago, driven by Government Solutions and higher product sales. Income from operations rose to $74.8 million from $63.9 million. Net income increased to $46.8 million with diluted EPS of $0.29 versus $0.21 last year as interest expense declined.

Cash and cash equivalents were $196.1 million as of September 30, 2025, compared with $77.6 million at year-end 2024. Operating cash flow for the first nine months was $215.8 million. Long-term debt, net, was $1.03 billion; the Revolver had $123.2 million available with no borrowings outstanding at quarter-end.

Customer concentration remains notable: NYCDOT represented 19.5% of Q3 revenue and 22.6% of accounts receivable. Subsequent to quarter-end, the company refinanced its term loan to mature on October 15, 2032 and amended the Revolver to $150.0 million maturing October 17, 2030. The Board also increased the share repurchase authorization to $250.0 million on October 23, 2025. Shares outstanding were 159,564,447 as of October 24, 2025.

Verra Mobility (VRRM) announced that its Board authorized an additional $150.0 million share repurchase, bringing the total available under its 2025 program to $250.0 million.

The company may repurchase Class A common stock from time to time until November 13, 2026 via open‑market and privately negotiated transactions, trading plans intended to qualify under Rule 10b5‑1, and accelerated share repurchase agreements, each as permitted by applicable rules. Repurchases are at the company’s discretion, subject to price, market conditions, legal requirements, and alternative uses of capital, and the program may be modified, suspended, or terminated at any time.

Verra Mobility also furnished a press release with financial results for the quarter ended September 30, 2025 and will host a webcast on October 29, 2025 at 5:00 p.m. ET to discuss third‑quarter results.

Verra Mobility Corporation entered two new credit agreements to refresh liquidity and extend debt maturities. The company amended and restated its asset‑based revolver with a $150 million senior secured facility (including a $35 million letter of credit sublimit) maturing on October 17, 2030, replacing a prior $125 million facility. An earlier maturity applies 91 days before April 15, 2029 if the $350 million 5.50% Senior Notes due 2029 remain outstanding. Pricing is SOFR + 1.25%–1.75% or base + 0.25%–0.75%, with unused fees of 0.375% or 0.250% based on usage. As of closing, there were no revolver borrowings and $3.74 million in letters of credit.

The company also refinanced its senior secured term loan, replacing approximately $688.8 million due in 2028 with a new loan of the same principal amount maturing on October 15, 2032. The term loan bears interest at SOFR + 2.00% or base + 1.00% (each 25 bps lower than before), amortizes 1.00% per year in equal quarterly installments starting March 31, 2026, and carries a 1.00% prepayment premium if refinanced with certain debt within six months. Both facilities include customary covenants and first‑lien security on substantially all assets.

Hiten M. Patel, identified as a Director and the Chief Accounting Officer of Verra Mobility Corporation (VRRM), reported insider transactions dated 08/09/2025 involving restricted stock units that convert into Class A common stock. The filing shows restricted stock units (RSUs) recorded in Table II and corresponding share movements in Table I: RSUs of 3,184 and 1,006 are listed as acquired/vested (transaction code M) and 1,347 and 425 shares were withheld to satisfy tax liabilities (transaction code F) at $23.49 per share.

The explanatory notes state the RSUs were originally granted on 08/09/2024 and vest in installments beginning 08/09/2025: one grant vests in two equal annual installments and the other vests in four equal annual installments. Each RSU represents a contingent right to receive one share of Class A common stock; vested RSUs will be delivered on settlement dates specified in the grant notes.

Verra Mobility reporting person Stacey Moser, EVP & GM, Commercial Services, was granted 27,004 restricted stock units (RSUs) on 08/07/2025. Each RSU represents a contingent right to receive one share of Verra Mobility Class A Common Stock, and the RSUs vest in two equal annual installments beginning on 08/07/2026. Vested shares will be delivered on each settlement date. The Form 4 was filed on 08/08/2025 and signed by an attorney-in-fact. Following the reported transaction, the filing shows 27,004 derivative securities beneficially owned by the reporting person in direct form.