VRSN Insider Report: EVP Indelicarto Withholds RSUs to Cover Taxes
Rhea-AI Filing Summary
Thomas C. Indelicarto, Executive Vice President, General Counsel & Secretary of VeriSign, reported insider transactions on Form 4 showing three dispositions on 08/15/2025. The filings disclose the delivery/withholding of shares to satisfy tax liabilities arising from restricted stock unit vesting (exempt under Rule 16b-3). The three dispositions were 158.0042, 212.3447, and 252.5993 shares at an indicated price of $269.89 per share. Following each reported disposition the beneficial ownership totals were reported as 36,608.8051, 36,396.4604, and 36,143.8611 shares respectively. The form is signed and dated 08/18/2025.
Positive
- Timely and complete Section 16 reporting of insider transactions, including signature and transaction dates
- Dispositions are exempt under Rule 16b-3 and described as tax-withholding on RSU vesting, a routine administrative action
- Specific share counts and post-transaction beneficial ownership totals are provided for transparency
Negative
- None.
Insights
TL;DR: Routine tax-withholding dispositions from RSU vesting; immaterial to company financials or control.
The reported transactions are customary dispositions where restricted stock units were settled by delivery or withholding to cover tax obligations. Quantities are small relative to institutional holdings and are reported at a referenced market price of $269.89. There is no indication of open-market sales or any change in compensation arrangements in this filing. For investors, these are administrative ownership adjustments rather than signals about business performance.
TL;DR: Proper and timely Section 16 reporting of RSU withholding; supports compliance and transparency.
The Form 4 discloses Rule 16b-3 exempt dispositions tied to vesting-related tax payments, a common practice for executives. The filing names the reporting person, relationship (EVP, General Counsel & Secretary), specific share counts, and transaction date, and is signed. This demonstrates procedural compliance with insider reporting obligations and provides transparency on the officer's beneficial ownership changes.