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Verisk Analytics, Inc.·4

Jan 23, 7:36 PM ET

Shavel Lee 4

Research Summary

AI-generated summary

Updated

Verisk (VRSK) CEO Shavel Lee Receives Awards, Withholds Shares

What Happened

  • Shavel Lee, CEO of Verisk Analytics (VRSK), received stock awards that vested in mid-January 2026 and had a portion of those shares withheld to satisfy tax withholding. Total shares acquired via awards/settlement: 91,781 shares (reported as A, $0.00 per share because these were awards/vested units). Total shares withheld/disposed for tax payment: 15,869 shares, generating proceeds of $2,995,880 (13,393 shares at $223.69) and $549,796 (2,476 shares at $222.05), for a combined withholding value of $3,545,676.

Key Details

  • Transaction dates and amounts:
    • 2026-01-14: Award settlement of 28,893 shares (A); 13,393 shares withheld (F) at $223.69 → $2,995,880 withheld.
    • 2026-01-15: Award/derivative grants of 11,259 shares (A) and 51,629 derivative shares (A); 2,476 shares withheld (F) at $222.05 → $549,796 withheld.
  • Nature of transactions: Awards/vestings (A) of performance stock units (PSUs) and restricted stock units (RSUs); withholdings (F) represent shares retained to pay tax liability (not open-market sales).
  • Notable footnotes from the filing:
    • PSU settlement (F1): shares issued upon settlement of performance stock units granted Jan 15, 2023, vesting based on relative TSR and ROIC performance and service (F1).
    • Withholding for taxes tied to PSU/RSU vesting (F2, F4).
    • Some shares are RSUs granted under the 2021 Equity Incentive Plan that vest in scheduled installments (F3).
  • Shares owned after transaction: Not specified in the provided excerpt.
  • Filing timeliness: Form 4 was filed Jan 23, 2026 for transactions on Jan 14–15, 2026. This is later than the typical 2-business-day Form 4 deadline (filing appears late).

Context

  • These were vested awards and related tax-withholding transactions — the acquired shares were awarded (not purchased), and the disposals were tax withholdings (code F), which are routine and do not necessarily signal a discretionary sale by the insider.
  • The PSU settlement was performance-based (relative TSR and ROIC metrics); RSU vesting follows a multi-year schedule per plan terms.
  • For retail investors, award vestings increase insider ownership but tax-withholding disposals reduce the net new shares received; both are standard components of executive compensation.