Check Point (CHKP) CRO Seddik Sherif Receives Award

What Happened

• Seddik Sherif, Chief Revenue Officer of Check Point Software Technologies (CHKP), received 6,147 ordinary shares on July 10, 2026 upon vesting of performance share units (PSUs). The grant/issuance was reported as an award (A) at $0.00 per share.
• Concurrently, 1,536 shares and 770 shares were reported as disposed (code F) on July 10, 2026 to satisfy tax withholding obligations. Those withheld shares were recorded at $131.70 each, generating proceeds of $202,291 and $101,409 respectively (total ≈ $303,700). These were issuer-withheld shares to cover taxes — not open-market sales by the insider.

Key Details

• Transaction date(s): July 10, 2026; Form 4 filed July 13, 2026 (appears filed within the required two business days).
• Prices reported for withheld shares: $131.70 per share for both disposals.
• Shares received: 6,147 ordinary shares issued on PSU vesting (per F1).
• Shares withheld for taxes: 1,536 and 770 shares (non-discretionary withholding; per F2 and F3).
• Post-transaction share total: Not explicitly reported on the Form 4.
• Notable footnote: The 6,147 shares were PSUs granted July 10, 2024. The filing also references 23,874 RSUs that remain outstanding and scheduled to vest on future dates (see F4).

Context

• This transaction is a routine equity award settlement and tax withholding (often called a cashless/withholding settlement) rather than a purchase or market sale—so it does not necessarily signal insider confidence or lack thereof.
• For retail investors, purchases are generally more informative than award vestings; here the meaningful effect is dilution/vesting and the reduction of net shares via tax withholding.