Verisign (NASDAQ: VRSN) exec withholds shares for RSU tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verisign EVP, General Counsel & Secretary Thomas C. Indelicarto reported share dispositions tied to tax withholding, not open-market selling. On May 15, 2026, a total of 706.0674 shares of common stock were delivered at $297.57 per share to cover tax liabilities from vesting restricted stock units, as permitted under Rule 16b-3.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Indelicarto Thomas C
Role
EVP, Gen Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 213.773 | $297.57 | $64K |
| Tax Withholding | Common Stock | 254.881 | $297.57 | $76K |
| Tax Withholding | Common Stock | 237.413 | $297.57 | $71K |
Holdings After Transaction:
Common Stock — 37,988.485 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 706.0674 shares
Price per share: $297.57 per share
First disposition size: 237.4133 shares
+2 more
5 metrics
Tax-withholding shares
706.0674 shares
Common stock delivered for tax liability on May 15, 2026
Price per share
$297.57 per share
Value applied to all tax-withholding dispositions
First disposition size
237.4133 shares
Common stock used as tax payment (code F)
Second disposition size
254.8810 shares
Common stock used as tax payment (code F)
Third disposition size
213.7731 shares
Common stock used as tax payment (code F)
Key Terms
Rule 16b-3, restricted stock units, tax-withholding disposition, non-derivative
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for each common stock entry"
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.
non-derivative financial
"transaction_type: "non-derivative" for each common stock transaction"
FAQ
What did Verisign (VRSN) executive Thomas C. Indelicarto report in this Form 4?
Thomas C. Indelicarto reported share dispositions related to tax withholding, not open-market trades. Shares were delivered to Verisign to satisfy tax liabilities arising from vesting restricted stock units, as described as exempt under Rule 16b-3 in the footnote.
Was the Verisign (VRSN) Form 4 a market sale by the executive?
No, the Form 4 shows no open-market sales or purchases. All reported transactions carry code F and are described as payments of tax liability to the company via delivered or withheld shares related to vesting restricted stock units, exempt under Rule 16b-3.
Who is the insider involved in this Verisign (VRSN) Form 4 filing?
The insider is Thomas C. Indelicarto, Verisign’s Executive Vice President, General Counsel and Secretary. The Form 4 reports his direct ownership transactions in Verisign common stock, specifically tax-withholding dispositions connected to vesting restricted stock units.