Patel Hiten M 4

What Happened

• Hiten M. Patel, Chief Accounting Officer of Verra Mobility Corp (VRRM), received a grant of 29,880 restricted stock units (RSUs) on June 16, 2026. The grant is reported as a derivative award at $0.00 per unit (i.e., an equity award, not a purchase).

Key Details

• Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (appears timely).
• Grant: 29,880 restricted stock units (transaction code A — award/grant).
• Price reported: $0.00 per RSU (standard for awards).
• Vesting: RSUs vest in two equal annual installments beginning June 16, 2027; shares delivered on each settlement date, subject to continued service. (Footnotes F1–F2.)
• Shares owned after transaction: not specified in this filing.
• No 10b5-1 plan, tax-withholding sale, or late filing noted in the report.

Context

• Each RSU represents a contingent right to one share of Verra Mobility Class A common stock upon vesting — the award does not result in immediate ownership of shares until vesting/settlement.
• Grants like this are common as compensation and do not by themselves indicate the insider is buying or selling stock; they reflect company compensation practices and retention incentives.