Verisign (NASDAQ: VRSN) EVP McPherson reports tax share disposal
Rhea-AI Filing Summary
Verisign executive Danny R. McPherson, EVP - Technology & CSO, reported a small automatic share disposition related to taxes. On January 15, 2026, he disposed of 20.5148 shares of Verisign common stock at $249.22 per share, coded as an "F" transaction. According to the footnote, this was a disposition exempt under Rule 16b-3, made as payment of tax liability to the company by delivery or withholding of shares upon vesting of restricted stock units, rather than an open-market sale. After this transaction, he beneficially owned 27,984.6588 shares, which includes 53.1964 dividend equivalent restricted stock units acquired on November 25, 2025 under Verisign's Amended and Restated 2006 Equity Incentive Plan.
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FAQ
What insider transaction did Verisign (VRSN) report for Danny R. McPherson?
Verisign reported that EVP - Technology & CSO Danny R. McPherson disposed of 20.5148 shares of Verisign common stock on January 15, 2026, at a price of $249.22 per share, recorded as a non-derivative transaction with code "F".
Was the Verisign (VRSN) insider transaction an open-market sale?
No. A footnote explains the disposition was exempt under Rule 16b-3 and represented payment of tax liability to the company by delivery or withholding of shares incident to the vesting of restricted stock units, rather than an open-market sale.
How many Verisign (VRSN) shares does Danny R. McPherson own after the reported transaction?
Following the reported transaction, Danny R. McPherson beneficially owned 27,984.6588 shares of Verisign common stock in direct ownership.
What does the transaction code "F" mean in the Verisign (VRSN) Form 4?
In this filing, the code "F" is used for a disposition of shares to satisfy tax withholding obligations in connection with the vesting of restricted stock units, as described in the footnote referencing Rule 16b-3.
What are the dividend equivalent restricted stock units mentioned in the Verisign (VRSN) filing?
A footnote states that McPherson's holdings include 53.1964 dividend equivalent restricted stock units acquired on November 25, 2025 in respect of previously granted restricted stock units under Verisign's Amended and Restated 2006 Equity Incentive Plan.
What is Danny R. McPherson’s role at Verisign (VRSN) in this insider report?
In the insider report, Danny R. McPherson is identified as an officer of Verisign with the title EVP - Technology & CSO, and the Form 4 is filed for one reporting person.