Verisign (NASDAQ: VRSN) officer uses stock to cover tax bill
Rhea-AI Filing Summary
For VeriSign, Inc. (VRSN), executive officer Danny R. McPherson reported three Form 4 transactions on August 15, 2026. In total, 726.9968 shares of common stock were disposed of at $284.24 per share to satisfy tax liabilities by delivering or withholding shares, in connection with the vesting of restricted stock units and exempt under Rule 16b-3. A related footnote states that his total direct holdings include 44 shares acquired on July 31, 2026 under the Amended and Restated 2007 Employee Stock Purchase Plan.
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Insider Trade Summary
Net Seller: 726.9968 shares
Net Sell
3 txns
Insider
McPherson Danny R
Role
EVP - Technology & CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 214.0739 | $284.24 | $61K |
| Tax Withholding | Common Stock F1 | 255.4313 | $284.24 | $73K |
| Tax Withholding | Common Stock F1 | 257.4916 | $284.24 | $73K |
Holdings After Transaction:
Common Stock — 33,767.0246 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Reporting Person's total direct holdings disclosed in Table I, Item 5 under Amount of Securities Beneficially Owned Following Reported Transaction(s) includes 44 shares acquired July 31, 2026 under the Amended and Restated 2007 Employee Stock Purchase Plan.
Key Figures
Tax-withholding shares (total): 726.9968 shares
Tax-withholding share block 1: 214.0739 shares
Tax-withholding share block 2: 255.4313 shares
+3 more
6 metrics
Tax-withholding shares (total)
726.9968 shares
Total shares delivered or withheld to pay tax liabilities on 2026-08-15
Tax-withholding share block 1
214.0739 shares
First Form 4 transaction on 2026-08-15, code F
Tax-withholding share block 2
255.4313 shares
Second Form 4 transaction on 2026-08-15, code F
Tax-withholding share block 3
257.4916 shares
Third Form 4 transaction on 2026-08-15, code F
Per-share value for tax withholding
$284.2400 per share
Valuation used for all three tax-liability transactions
ESPP shares included in holdings
44 shares
Shares acquired July 31, 2026 under Amended and Restated 2007 Employee Stock Purchase Plan
Key Terms
Rule 16b-3, restricted stock units, Amended and Restated 2007 Employee Stock Purchase Plan, tax liability
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
"withholding securities 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.
Amended and Restated 2007 Employee Stock Purchase Plan financial
"44 shares acquired July 31, 2026 under the Amended and Restated 2007 Employee Stock Purchase Plan"
tax liability financial
"payment of tax liability to Company by delivery or withholding securities"
FAQ
What insider transactions did VRSN executive Danny R. McPherson report on August 15, 2026?
Danny R. McPherson reported three transactions disposing of a total of 726.9968 VeriSign (VRSN) shares of common stock. The shares were used to pay tax liabilities via share delivery or withholding, tied to the vesting of restricted stock units.
Were Danny McPherson’s VRSN Form 4 transactions ordinary sales on the open market?
No. The VeriSign (VRSN) transactions were coded F, meaning shares were delivered or withheld to pay tax liability. A footnote states they were exempt under Rule 16b-3 and occurred incident to restricted stock unit vesting, not open-market trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.