[Form 4] VERISIGN INC/CA Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VERISIGN INC/CA executive Danny R. McPherson reported a small share disposition tied to tax withholding. On April 15, he had 26.7263 shares of common stock withheld at $275.26 per share to pay tax on vesting restricted stock units under Rule 16b-3. This was not an open-market sale. After the withholding, he directly owns 40,195.1627 Verisign shares, indicating he retains essentially his full equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McPherson Danny R
Role
EVP - Technology & CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 26.726 | $275.26 | $7K |
Holdings After Transaction:
Common Stock — 40,195.163 shares (Direct)
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 86.9014 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
Shares withheld for taxes: 26.7263 shares
Tax-withholding price: $275.26 per share
Shares owned after transaction: 40,195.1627 shares
+1 more
4 metrics
Shares withheld for taxes
26.7263 shares
Common stock withheld on April 15 as tax-withholding disposition
Tax-withholding price
$275.26 per share
Price applied to the 26.7263 withheld shares
Shares owned after transaction
40,195.1627 shares
Direct Verisign common stock holdings following the disposition
Dividend equivalent RSUs
86.9014 units
Dividend equivalent restricted stock units acquired February 27, 2026
Key Terms
Rule 16b-3, restricted stock units, dividend equivalent restricted stock units, Equity Incentive Plan
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
"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.
dividend equivalent restricted stock units financial
"Includes 86.9014 dividend equivalent restricted stock units acquired on February 27, 2026"
Equity Incentive Plan financial
"under the Company's Amended and Restated 2006 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.