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Verra Mobility (VRRM) awards 29,880 restricted stock units to Chief Accounting Officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Verra Mobility Corp reported that Chief Accounting Officer Hiten M. Patel received a grant of restricted stock units. The award covers 29,880 restricted stock units, each tied to one share of Class A Common Stock. These units were granted on June 16, 2026 at no exercise price.

The award vests in two equal annual installments starting on June 16, 2027, subject to Patel’s continued service with the company on each vesting date. Following this grant, Patel holds 29,880 restricted stock units directly, reflecting a compensation-related equity award rather than an open-market share purchase.

Positive

  • None.

Negative

  • None.
Insider Patel Hiten M
Role Chief Accounting Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 29,880 $0.00 --
Holdings After Transaction: Restricted Stock Units — 29,880 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of Verra Mobility Corporation Class A Common Stock. On June 16, 2026, the Reporting Person was granted restricted stock units, vesting in two (2) equal annual installments beginning on June 16, 2027, 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.
RSUs granted 29,880 units Restricted stock unit award to CAO on June 16, 2026
RSUs held after grant 29,880 units Total restricted stock units directly owned post-transaction
Exercise price $0.00 per unit Conversion or exercise price for the restricted stock units
Vesting schedule Two equal annual installments Vesting starts June 16, 2027, subject to continued service
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
"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.
vesting financial
"vesting in two (2) equal annual installments beginning on June 16, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
settlement date financial
"Vested shares will be delivered to the Reporting Person on each settlement date"
The settlement date is the day when a securities trade is finalized: the buyer’s cash is delivered and the seller’s shares or bonds are transferred into the buyer’s account. Think of it like the closing day of a purchase, when ownership and payment officially change hands; until then the trade exists as an agreement but not as completed property transfer. Investors care because payment timing affects cash availability, record of ownership, dividends, and legal rights tied to the asset.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Patel Hiten M
(Last)(First)(Middle)
2046 RIVERVIEW AUTO DRIVE, SUITE 300
(Street)
MESA ARIZONA 85201
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
VERRA MOBILITY Corp [ VRRM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)06/16/2026A29,880 (2) (2)Class A Common Stock29,880$029,880D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Verra Mobility Corporation Class A Common Stock.
2. On June 16, 2026, the Reporting Person was granted restricted stock units, vesting in two (2) equal annual installments beginning on June 16, 2027, 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.
/s/ Hiten M. Patel06/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Verra Mobility (VRRM) report for Hiten M. Patel?

Verra Mobility reported that Chief Accounting Officer Hiten M. Patel received a grant of 29,880 restricted stock units. These equity awards are part of his compensation and represent rights to receive Class A Common Stock if future vesting conditions are satisfied.

How many restricted stock units were granted to the Verra Mobility (VRRM) Chief Accounting Officer?

The Chief Accounting Officer, Hiten M. Patel, was granted 29,880 restricted stock units. Each unit corresponds to one share of Verra Mobility Class A Common Stock, giving him contingent rights to receive those shares as the award vests over time.

When do Hiten M. Patel’s Verra Mobility (VRRM) restricted stock units vest?

The restricted stock units granted to Hiten M. Patel vest in two equal annual installments beginning on June 16, 2027. Vesting is conditioned on his continued service with Verra Mobility through each vesting date, after which vested shares are delivered.

Is the Verra Mobility (VRRM) Form 4 transaction an open-market stock purchase?

No, the Form 4 shows a compensation-related grant of restricted stock units, not an open-market purchase. Patel received 29,880 units at a stated price of $0.00 per unit, reflecting an award from the company rather than buying shares in the market.

What does each Verra Mobility (VRRM) restricted stock unit granted to Hiten M. Patel represent?

Each restricted stock unit represents a contingent right to receive one share of Verra Mobility Class A Common Stock. Shares are only delivered after the units vest and settle, assuming Patel remains in service through the specified vesting dates.

How many Verra Mobility (VRRM) restricted stock units does Hiten M. Patel hold after this grant?

After this grant, Hiten M. Patel holds 29,880 restricted stock units directly. These units will convert into shares of Class A Common Stock only as they vest and settle according to the two-year vesting schedule disclosed in the filing.