Byrne Patrick J 4
4 · VERRA MOBILITY Corp · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Verra Mobility (VRRM) Director Patrick Byrne Exercises RSUs, Receives Award
What Happened
Patrick J. Byrne, a director of Verra Mobility Corporation (VRRM), converted 7,949 restricted stock units (RSUs) into shares on May 18, 2026 (reported as an "exercise/conversion of derivative" at $0.00) and was granted 14,683 new RSUs on May 19, 2026 (reported as an award at $0.00). The conversions/awards were recorded at $0.00 per share (typical for RSU vesting/conversion — no cash exercise price). The filing shows a corresponding derivative disposition entry for the 7,949 RSUs on May 18 but does not report sale proceeds.
Key Details
- Transaction dates: May 18, 2026 (conversion of 7,949 RSUs); May 19, 2026 (grant of 14,683 RSUs).
- Prices/values: $0.00 per share (RSUs convert without cash exercise price); no dollar proceeds reported.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 explains each RSU equals a contingent right to one share. F2 shows the 7,949 RSUs were originally granted May 20, 2025 and vested by May 20, 2026 (or earlier per meeting timing). F3 describes the 14,683 RSU grant vesting by May 19, 2027 (or earlier).
- Timeliness: Report filed May 20, 2026 for transactions through May 19, 2026 — appears timely.
- Exhibit: Exhibit 24 (Power of Attorney) is included.
Context
RSUs are equity awards that convert into shares when they vest; they are not open‑market purchases or sales and do not necessarily signal buying/selling intent. The SEC transaction code "M" denotes an exercise or conversion of a derivative (here, RSUs). The filing shows a derivative disposition entry for the converted 7,949 units but does not clearly indicate an open‑market sale of shares or cashless exercise — it likely reflects the conversion/transfer mechanics rather than a sale. For full ownership details and any subsequent sales, consult the complete Form 4 filing (accession 0001123292-26-000703).
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-18+7,949→ 46,362 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-05-18−7,949→ 0 totalExercise: $0.00→ Class A Common Stock (7,949 underlying) - Award
Restricted Stock Units
[F1][F3]2026-05-19+14,683→ 14,683 totalExercise: $0.00→ Class A Common Stock (14,683 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Verra Mobility Corporation Class A Common Stock.
- [F2]On May 20, 2025, the Reporting Person was granted 7,949 restricted stock units, vesting in full on the earlier of (a) May 20, 2026, or (b) the date immediately prior to the next annual meeting of the Issuer's stockholders occurring after the date of grant.
- [F3]On May 19, 2026, the Reporting Person was granted 14,683 restricted stock units, vesting in full on the earlier of (a) May 19, 2027, or (b) the date immediately prior to the next annual meeting of the Issuer's stockholders occurring after the date of grant.