Keyser Jonathan 4
Research Summary
AI-generated summary
Verra Mobility (VRRM) CLO Jonathan Keyser Receives Award, Withholds Shares
What Happened Jonathan Keyser, Chief Legal Officer of Verra Mobility (VRRM), had 5,334 shares issued to him on March 16, 2026 as the vesting of a performance share unit (PSU) award (acquisition at $0.00). To satisfy tax withholding obligations on the vesting, 2,257 shares were withheld/disposed at a price of $16.70 per share, representing approximately $37,692. This was an earned award (not an open-market purchase), with the withholding used to cover tax liabilities.
Key Details
- Transaction dates: March 16, 2026 (reported on Form 4 filed March 17, 2026); filing appears timely.
- Award: 5,334 shares issued (code A) at $0.00.
- Tax withholding: 2,257 shares withheld/disposed (code F) at $16.70/share = ~$37,692.
- Footnotes: F1 — shares earned under the 2023 PSU award based on performance over 2023–2026. F2 — shares withheld to satisfy tax liability; $16.70 was the March 2, 2026 closing price used for withholding (end of the PSU performance period).
- Shares owned after the transaction: not provided in the summary data supplied.
Context This was a vesting of performance-based restricted stock (PSUs) rather than a market buy or voluntary sale. The withheld shares represent a common cashless/tax-withholding practice when equity awards vest; they do not reflect an open-market sale for investment purposes. No inference about the executive’s view of the stock should be drawn from routine tax withholding.