4Filed Jul 21, 8:00 PM ET
VeriSign (VRSN) Director Matthew J. Desch Receives RSU Award
$VRSN · VERISIGN INC/CAResearch Summary
AI-generated summary of this SEC filing
VeriSign (VRSN) Director Matthew J. Desch Receives RSU Award
What Happened
- Matthew J. Desch, a director of VeriSign, was awarded 900 restricted stock units (RSUs) on July 20, 2026. The Form 4 reports the acquisition as 900 shares at $0.00 (transaction code A — award/grant). The filing lists the grant amount as $0 at issuance; actual economic value depends on VeriSign's stock price when shares are delivered.
Key Details
- Transaction date: July 20, 2026; Filing date (Form 4): July 22, 2026 (appears timely).
- Transaction type/code: Award/Grant (A). Reported as 900 RSUs acquired at $0.00.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The RSUs represent contingent rights to one share per RSU and, per the filing, vest 100% on the grant date; delivery is subject to applicable tax withholding.
- No indication of a sale, purchase for cash, 10b5-1 plan, or late filing penalty in this report.
Context
- RSU awards are typically compensation rather than an open‑market purchase or sale and do not necessarily signal insider buying or selling intent. Because these RSUs vest immediately (per the footnote), Desch has the right to receive shares subject to tax withholding and delivery procedures; the economic value equals the market price at delivery.