VeriSign (VRSN) CEO Bidzos nets PSU vesting, withholds 6,558 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VeriSign executive chairman, president and CEO D. James Bidzos reported equity compensation activity involving VeriSign common stock. On February 5, 2026, he was awarded 18,039 performance-based restricted stock units (PSUs) at a price of $0 per share after performance for a 2023 grant was determined. Each PSU converts into one share, and the PSUs vested in full on that date, including 157.3870 shares credited as dividend equivalents.
Also on February 5, 2026, 6,558.387 shares of common stock were disposed of at $242.62 per share to cover tax liabilities associated with the vesting, in a transaction exempt under Rule 16b-3. After these transactions, Bidzos directly owned 447,726.1378 shares of VeriSign common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BIDZOS D JAMES
Role
Exec. Chairman, Pres, & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,039 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,558.387 | $242.62 | $1.59M |
Holdings After Transaction:
Common Stock — 454,284.525 shares (Direct)
Footnotes (1)
- On February 13, 2023, Reporting Person was awarded performance-based restricted stock units (PSUs). On February 5, 2026, actual performance against goals was determined for the performance period of such award and the Reporting Person was awarded 18,039 PSUs. Each PSU represents a contingent right to receive one (1) share of VeriSign common stock once vested. The PSUs vested in full on February 5, 2026. Includes 157.3870 shares of common stock which were acquired on February 5, 2026 as a result of dividend equivalents paid pursuant to the terms of the 2023 PSU Award Agreement. 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.
FAQ
What insider activity did VeriSign (VRSN) CEO D. James Bidzos report?
D. James Bidzos reported vesting of performance-based restricted stock units and related tax withholding. He received 18,039 PSUs that fully vested on February 5, 2026, and 6,558.387 shares were withheld at $242.62 per share to satisfy tax obligations.
What are performance-based restricted stock units (PSUs) in the VeriSign (VRSN) Form 4?
The PSUs are equity awards that convert into shares if performance goals are met. Bidzos’s 2023 PSU award resulted in 18,039 PSUs being earned once performance was determined, with each unit representing a contingent right to receive one VeriSign common share upon vesting.
How were dividend equivalents treated in the VeriSign (VRSN) PSU award?
The filing notes that 157.3870 additional common shares were acquired on February 5, 2026. These resulted from dividend equivalents credited under the terms of the 2023 PSU Award Agreement, increasing the total shares delivered upon vesting.