CALYS JOHN 4
Research Summary
AI-generated summary
Verisign (VRSN) CFO John Calys Withholds 290 Shares for Taxes
What Happened
- John Calys, Chief Financial Officer of Verisign, had 289.751 shares withheld on June 15, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units. The withholding price was $272.96 per share, for a total value of approximately $79,090.
- This was a disposition via share withholding to cover tax liability (coded F) and is reported as exempt under Rule 16b-3. It is a routine tax-related transaction rather than an open-market sale.
Key Details
- Transaction date and price: June 15, 2026 at $272.96 per share.
- Shares withheld/disposed: 289.751; total value ≈ $79,090.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 — disposition exempt under Rule 16b-3 as payment of tax liability by delivery/withholding of securities incident to RSU vesting. F2 — notes acquisition of 34.3620 dividend-equivalent RSUs on May 27, 2026 relating to prior RSU grants.
- Filing date: June 16, 2026 (filed the day after the transaction); appears timely under Form 4 rules.
Context
- This was a tax-withholding disposition tied to RSU vesting (a common, administrative transaction) rather than an indication of the CFO selling shares in the open market. Such withholdings are routine and do not necessarily reflect insider sentiment about the company.