BIDZOS D JAMES 4
Research Summary
AI-generated summary
VeriSign (VRSN) CEO James Bidzos Receives PSU Award
What Happened
James (D.) Bidzos, VeriSign’s Executive Chairman, President & CEO, was awarded 18,039 performance-based restricted stock units (PSUs) that vested on Feb 5, 2026. The filing shows 18,039 shares were acquired (grant/award, $0.00 per share). To satisfy the tax withholding obligation on vesting, 6,558.387 shares were delivered/withheld/disposed at $242.62 per share, totaling $1,591,196.
Key Details
- Transaction dates: Vesting and award determined and settled on 2026-02-05; Form 4 filed 2026-02-06. No late filing indicated.
- Award: 18,039 PSUs granted/vested; each PSU converts to one share when vested.
- Tax withholding: 6,558.387 shares disposed at $242.62, proceeds = $1,591,196 (disposition coded F; exempt under Rule 16b-3 as payment of tax liability).
- Footnotes: F1 — PSUs were part of a Feb 13, 2023 performance award and were fully vested as of Feb 5, 2026. F2 — 157.387 shares included from dividend equivalents on the PSU award. F3 — The share disposition was the withholding/delivery of shares to satisfy taxes.
- Shares owned after the transaction: Not specified in the filing.
Context
This was an award/vesting event (code A) with routine tax withholding (code F), not an open-market sale or purchase. PSUs are contingent awards that became unrestricted shares upon vesting; using shares to cover taxes is a common administrative step and does not by itself indicate a change in sentiment.