Verisign EVP uses shares to pay tax liability
Verisign executive Danny R. McPherson reported routine share withholdings to cover taxes on equity compensation.
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Form Type
4
Rhea-AI Filing Summary
Verisign executive Danny R. McPherson reported routine share withholdings to cover taxes on equity compensation. On May 15, 2026, a total of 725.5843 shares of Verisign common stock were disposed of at $297.57 per share. According to the disclosure, these transactions were exempt under Rule 16b-3 and represented payment of tax liabilities through delivery or withholding of shares incident to the vesting of restricted stock units, rather than open‑market sales.
Insider Trade Summary
Exercise Price or Tax Liability: 725.5843 shares
Exercise Price or Tax Liability
3 txns
Insider
McPherson Danny R
Role
EVP - Technology & CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 213.7731 | $297.57 | $64K |
| Exercise Price or Tax Liability | Common Stock | 254.881 | $297.57 | $76K |
| Exercise Price or Tax Liability | Common Stock | 256.9302 | $297.57 | $76K |
Holdings After Transaction:
Common Stock — 34,469.5784 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Shares used for tax withholding: 725.5843 shares
Transaction price per share: $297.57 per share
First F-code disposition: 256.9302 shares
+2 more
5 metrics
Shares used for tax withholding
725.5843 shares
Total F-code tax-withholding shares on May 15, 2026
Transaction price per share
$297.57 per share
Price applied to each F-code disposition on May 15, 2026
First F-code disposition
256.9302 shares
Common stock disposed for tax liability on May 15, 2026
Second F-code disposition
254.8810 shares
Common stock disposed for tax liability on May 15, 2026
Third F-code disposition
213.7731 shares
Common stock disposed for tax liability on May 15, 2026
Key Terms
restricted stock units, Rule 16b-3, tax-withholding disposition, EVP - Technology & CSO
4 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.
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.
EVP - Technology & CSO other
"officer_title": "EVP - Technology & CSO""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Verisign (VRSN) executive Danny R. McPherson report in this Form 4?
Danny R. McPherson reported share dispositions used to pay tax liabilities. The Form 4 shows 725.5843 Verisign common shares were withheld or delivered on May 15, 2026, tied to vesting of restricted stock units and exempt under Rule 16b-3.
Were the Verisign (VRSN) insider transactions open-market sales?
No, the transactions were not open-market sales. They are coded "F" and described as payment of tax liability by delivering or withholding securities, incident to restricted stock unit vesting and exempt under Rule 16b-3, rather than discretionary market sales.
What does the F transaction code mean in this Verisign (VRSN) Form 4?
The F code indicates payment of an exercise price or tax liability by delivering securities. In this case, it reflects shares withheld or delivered to Verisign on May 15, 2026, to satisfy tax obligations related to restricted stock unit vesting, under Rule 16b-3.
What role does Danny R. McPherson hold at Verisign (VRSN) in this filing?
Danny R. McPherson is identified as an officer of Verisign, serving as EVP – Technology & CSO. The Form 4 reports his direct ownership transactions, specifically tax-withholding dispositions tied to equity compensation rather than regular market trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
