Verra Mobility CAO exercises RSUs, withholds shares
Verra Mobility Corp reported equity compensation activity by Chief Accounting Officer Hiten M. Patel.
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Form Type
4
Rhea-AI Filing Summary
Verra Mobility Corp reported equity compensation activity by Chief Accounting Officer Hiten M. Patel. On August 9, 2026, restricted stock units representing 4,190 shares of Class A Common Stock were exercised or converted into common shares, as part of prior RSU grants that vest in scheduled annual installments beginning August 9, 2025. In connection with these events, 1,772 shares of Class A Common Stock were delivered or withheld at $4.90 per share for payment of exercise price or tax liability, with the remainder retained as directly owned shares.
Insider Trade Summary
4,190 shares exercised/converted
Exercise
6 txns
Insider
Patel Hiten M
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 3,184 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F3 | 1,006 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 3,184 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,347 | $4.90 | $7K |
| Exercise | Class A Common Stock F1 | 1,006 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 425 | $4.90 | $2K |
Holdings After Transaction:
Restricted Stock Units — 2,013 contracts (Direct);
Class A Common Stock — 5,900 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of Verra Mobility Corporation Class A Common Stock.
- F2. On August 9, 2024, the Reporting Person was granted restricted stock units, vesting in two (2) equal annual installments beginning on August 9, 2025, subject to the Reporting Person's continued service with the Issuer through each such vesting date. Vested shares will be delivered to the Reporting Person on each settlement date.
- F3. On August 9, 2024, the Reporting Person was granted restricted stock units, vesting in four (4) equal annual installments beginning on August 9, 2025, subject to the Reporting Person's continued service with the Issuer through each such vesting date. Vested shares will be delivered to the Reporting Person on each settlement date.
Key Figures
RSUs exercised or converted: 4,190 shares
Shares delivered/withheld for exercise price or tax liability: 1,772 shares
Price for exercise-price or tax-liability shares: $4.90 per share
+2 more
5 metrics
RSUs exercised or converted
4,190 shares
Total underlying Class A Common Stock from RSU exercises/conversions on August 9, 2026
Shares delivered/withheld for exercise price or tax liability
1,772 shares
Code F transactions of 1,347 and 425 shares at $4.90 per share
Price for exercise-price or tax-liability shares
$4.90 per share
Applied to 1,347 and 425 Class A Common Stock shares in code F dispositions
First RSU grant vesting schedule
2 equal annual installments
RSUs granted August 9, 2024, vesting beginning August 9, 2025, subject to continued service
Second RSU grant vesting schedule
4 equal annual installments
RSUs granted August 9, 2024, vesting beginning August 9, 2025, subject to continued service
Key Terms
Restricted Stock Units, Class A Common Stock, Payment of exercise price or tax liability by delivering or withholding securities
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"contingent right to receive one share of Verra Mobility Corporation Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction code F is described as Payment of exercise price or tax liability"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Verra Mobility (VRRM) disclose for Hiten M. Patel?
Verra Mobility disclosed that Hiten M. Patel had restricted stock units convert into 4,190 shares of Class A Common Stock, with a portion of the resulting shares delivered or withheld to cover exercise price or tax liability.
How many Verra Mobility (VRRM) RSUs were exercised or converted in this filing?
The filing shows restricted stock units representing 4,190 underlying shares of Verra Mobility Class A Common Stock were exercised or converted, split between blocks of 3,184 and 1,006 RSUs tied to separate vesting schedules.
Were the Verra Mobility (VRRM) insider transactions under a Rule 10b5-1 plan?
The document-level checkbox indicates false for Rule 10b5-1 status, so these reported transactions were not affirmed as executed pursuant to a Rule 10b5-1 trading plan.
What are the vesting terms of the Verra Mobility (VRRM) RSU grants to Hiten M. Patel?
One RSU grant vests in two equal annual installments beginning August 9, 2025, while another vests in four equal annual installments beginning the same date, subject to Patel’s continued service.
What role does Hiten M. Patel hold at Verra Mobility (VRRM)?
The reporting person, Hiten M. Patel, is identified as an officer of Verra Mobility, serving as Chief Accounting Officer, and the reported equity transactions relate to his compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
