Verisign (VRSN) CFO uses withheld shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verisign EVP and CFO John Calys reported routine tax-related share dispositions. On May 15, 2026, a total of 179.4037 shares of Verisign common stock were withheld or delivered at $297.57 per share to cover tax liabilities upon vesting of restricted stock units, and he continues to hold about 31,983.9376 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CALYS JOHN
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 37.526 | $297.57 | $11K |
| Tax Withholding | Common Stock | 71.97 | $297.57 | $21K |
| Tax Withholding | Common Stock | 69.908 | $297.57 | $21K |
Holdings After Transaction:
Common Stock — 31,983.938 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 45.9848 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: 179.4037 shares
Tax price per share: $297.57 per share
Post-transaction holdings: 31,983.9376 shares
+4 more
7 metrics
Tax-withholding shares
179.4037 shares
Total F-code dispositions on May 15, 2026
Tax price per share
$297.57 per share
Value used for tax-withholding dispositions
Post-transaction holdings
31,983.9376 shares
Common stock held directly after final transaction
First F-code lot
69.9079 shares
Common stock delivered for tax payment
Second F-code lot
71.9695 shares
Common stock delivered for tax payment
Third F-code lot
37.5263 shares
Common stock delivered for tax payment
Dividend equivalent RSUs
45.9848 units
Dividend equivalent RSUs acquired February 27, 2026
Key Terms
restricted stock units, Rule 16b-3, dividend equivalent restricted stock units, tax-withholding disposition, +1 more
5 terms
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.
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.
dividend equivalent restricted stock units financial
"Includes 45.9848 dividend equivalent restricted stock units acquired on February 27, 2026"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Amended and Restated 2006 Equity Incentive Plan financial
"under the Company's Amended and Restated 2006 Equity Incentive Plan."
FAQ
What did Verisign (VRSN) CFO John Calys report in this Form 4?
Verisign CFO John Calys reported routine tax-withholding dispositions totaling 179.4037 common shares. These shares were withheld or delivered to Verisign at $297.57 per share to satisfy tax liabilities from vesting restricted stock units, not open-market sales.
Were John Calys’s Verisign (VRSN) transactions open-market sales?
No, the transactions were not open-market sales. All were coded F, meaning shares were delivered or withheld solely to pay tax liabilities related to vesting restricted stock units, as described under Rule 16b-3, rather than discretionary selling into the market.
What do the Verisign (VRSN) Form 4 footnotes say about the RSUs?
The footnotes state that the dispositions were exempt under Rule 16b-3 as tax payments tied to vesting restricted stock units. They also note an additional 45.9848 dividend equivalent restricted stock units acquired on February 27, 2026, under Verisign’s Amended and Restated 2006 Equity Incentive Plan.
What is the significance of the F transaction code in this Verisign (VRSN) filing?
The F code indicates payment of tax liability by delivering or withholding securities. In this Form 4, it confirms John Calys’s Verisign shares were used only to satisfy tax obligations from RSU vesting, distinguishing these events from elective open-market purchases or sales of common stock.