Verra Mobility (VRRM) Interim CEO Jonathan Keyser Receives Award

What Happened

• Jonathan Keyser, Interim President and CEO of Verra Mobility (VRRM), had restricted stock units (RSUs) convert into 4,256 shares on September 19, 2026. The conversion is recorded as a derivative exercise (code M) at a $0.00 exercise price (typical for RSU settlement).
• To cover tax withholding, 1,801 of those shares were surrendered (code F) at $3.48 per share, totaling $6,267. After withholding, Keyser received a net 2,455 shares (4,256 vested − 1,801 withheld). The filing shows the conversion and withholding but no open-market sale of the vested shares.

Key Details

• Transaction date: 2026-09-19; Form 4 filed: 2026-09-22.
• Vesting/conversion: 4,256 shares @ $0.00 (code M).
• Tax withholding: 1,801 shares @ $3.48 = $6,267 (code F); net delivered = 2,455 shares.
• Shares owned after transaction: not specified in the supplied filing excerpt.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to one Class A share.
  • F2: Shares were withheld to satisfy tax liability upon vesting.
  • F3: These RSUs were granted Oct 30, 2025, and vest in three equal annual installments beginning Sep 19, 2026, subject to continued service.
• Filing timeliness: Form 4 was submitted on Sep 22 for a Sep 19 vesting date; this appears to be a standard insider reporting of an RSU vesting/withholding event.

Context

• This was an RSU vesting and automatic share withholding to cover taxes (a cashless-withholding settlement), not an open-market purchase or sale. Such withholding is routine and reflects tax obligations, not an active sale decision by the insider.
• Derivative code M here reflects conversion of RSUs into shares rather than exercising stock options for cash.