Verra Mobility (NASDAQ: VRRM) CFO nets shares from performance award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verra Mobility Corp’s Chief Financial Officer Craig C. Conti reported compensation-related share activity. He received a grant of 27,741 shares of Class A Common Stock at no cost, earned under a 2023 performance share unit award based on performance over the 2023–2026 period.
To cover tax obligations when the units vested, 11,742 shares were withheld at a price of $16.70 per share, which was the closing price on March 2, 2026 and the end date of the performance period. After these transactions, he directly holds 102,409 shares. The activity reflects equity compensation and tax withholding rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Conti Craig C
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 27,741 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 11,742 | $16.70 | $196K |
Holdings After Transaction:
Class A Common Stock — 114,151 shares (Direct)
Footnotes (1)
- Shares earned under the 2023 performance share unit award based on the achievement of performance goals over the 2023-2026 performance period. Shares withheld to satisfy tax liability upon vesting of performance share units. The reported share price of $16.70 was the closing price on March 2, 2026, which was the price that was used for tax withholding purposes; March 2, 2026 was the end date of the performance period for the performance share units.
FAQ
What did Verra Mobility (VRRM) CFO Craig Conti report in this Form 4?
Verra Mobility CFO Craig C. Conti reported equity compensation activity. He received 27,741 Class A shares from a performance share unit award and had 11,742 shares withheld to cover taxes upon vesting, leaving him with 102,409 directly held shares after the transactions.
What is the significance of the $16.70 price in the Verra Mobility (VRRM) Form 4?
The $16.70 price was the closing price of Verra Mobility stock on March 2, 2026. That price was used to determine the value of 11,742 shares withheld to cover Craig C. Conti’s tax liability when his performance share units vested at the end of the performance period.
Are the Verra Mobility (VRRM) Form 4 transactions open-market trades by the CFO?
The transactions are not open-market trades. The 27,741 shares represent stock-based compensation from a performance share unit award, and the 11,742 shares reflect tax withholding upon vesting, where shares were delivered to cover taxes rather than sold in the open market.