Verisign (NASDAQ: VRSN) CEO has shares withheld to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VERISIGN INC/CA executive chair, president, and CEO D. James Bidzos reported routine tax-withholding stock dispositions related to equity compensation. On May 15, 2026, a total of 1,645.8993 shares of common stock were delivered to the company at $297.57 per share to cover tax liabilities arising from the vesting of restricted stock units, in transactions exempt under Rule 16b-3.
These were not open-market sales but shares withheld or delivered to satisfy taxes. After these transactions, Bidzos continued to directly own approximately 443,668.071 shares of Verisign common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
BIDZOS D JAMES
Role
Exec. Chairman, Pres, & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 467.451 | $297.57 | $139K |
| Tax Withholding | Common Stock | 596.439 | $297.57 | $177K |
| Tax Withholding | Common Stock | 582.009 | $297.57 | $173K |
Holdings After Transaction:
Common Stock — 443,668.071 shares (Direct, null)
Footnotes (1)
- Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company by delivery or withholding securities incident to vesting of restricted stock units. Includes 207.9247 dividend equivalent restricted stock units acquired on February 27, 2026, in respect of previously granted restricted stock units under the Company's Amended and Restated 2006 Equity Incentive Plan.
Key Figures
Tax-withholding shares: 1,645.8993 shares
Disposition price: $297.57 per share
Post-transaction holdings: 443,668.071 shares
+3 more
6 metrics
Tax-withholding shares
1,645.8993 shares
Total shares used for tax withholding dispositions on May 15, 2026
Disposition price
$297.57 per share
Price per share for all reported tax-withholding transactions
Post-transaction holdings
443,668.071 shares
Direct Verisign common stock held by CEO after dispositions
First tax-withholding lot
582.0086 shares
Common stock disposed for tax liability at $297.57 per share
Second tax-withholding lot
596.4394 shares
Common stock disposed for tax liability at $297.57 per share
Third tax-withholding lot
467.4513 shares
Common stock disposed for tax liability at $297.57 per share
Key Terms
Rule 16b-3, restricted stock units, dividend equivalent restricted stock units, Amended and Restated 2006 Equity Incentive Plan
4 terms
Rule 16b-3 regulatory
"Disposition of shares exempt under Rule 16b-3 as payment of tax liability"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
restricted stock units financial
"incident to vesting of restricted stock units"
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.
dividend equivalent restricted stock units financial
"Includes 207.9247 dividend equivalent restricted stock units acquired on February 27, 2026"
Amended and Restated 2006 Equity Incentive Plan financial
"under the Company's Amended and Restated 2006 Equity Incentive Plan"
FAQ
What did Verisign (VRSN) CEO D. James Bidzos report in this Form 4?
D. James Bidzos reported stock dispositions used to pay tax liabilities from vesting restricted stock units. These Form 4 entries show shares delivered to Verisign rather than open-market sales, reflecting routine equity compensation tax withholding activity.
Were the Verisign (VRSN) CEO’s transactions open-market sales?
No, the transactions were not open-market sales. The Form 4 describes tax-withholding dispositions under Rule 16b-3, where shares are delivered or withheld by the company to cover tax liabilities from restricted stock unit vesting.
What role do restricted stock units play in this Verisign (VRSN) Form 4?
The Form 4 links the dispositions to vesting restricted stock units, noting shares were used to pay tax liabilities at vesting. A footnote also mentions 207.9247 dividend equivalent restricted stock units credited under Verisign’s Amended and Restated 2006 Equity Incentive Plan.