VeriSign (VRSN) EVP Indelicarto nets PSU vesting with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VeriSign executive reports vesting of performance stock units and related tax withholding. On February 5, 2026, EVP, General Counsel & Secretary Thomas C. Indelicarto acquired 4,810 shares of VeriSign common stock at $0 upon full vesting of previously granted performance-based restricted stock units from a 2023 award.
The total includes 41.9664 shares credited as dividend equivalents tied to that award. On the same date, 1,594.9664 shares were automatically surrendered at $242.62 per share to cover tax liabilities associated with the vesting. After these transactions, Indelicarto directly beneficially owned 42,189.0161 VeriSign common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Indelicarto Thomas C
Role
EVP, Gen Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,810 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,594.966 | $242.62 | $387K |
Holdings After Transaction:
Common Stock — 43,783.983 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 4,810 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 41.9664 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 did VeriSign (VRSN) executive Thomas Indelicarto report in this Form 4?
Thomas C. Indelicarto reported vesting of performance-based stock units into 4,810 VeriSign shares and an automatic tax withholding of 1,594.9664 shares. These transactions reflect equity compensation settlement and related tax payment, leaving him with 42,189.0161 directly owned common shares afterward.
What are dividend equivalents mentioned in the VeriSign (VRSN) Form 4?
Dividend equivalents are additional shares credited in connection with the PSU award. The filing notes that 41.9664 common shares were acquired on February 5, 2026 as dividend equivalents under the 2023 PSU Award Agreement, increasing the total stock received when the performance units vested.