Indelicarto Thomas C 4
Research Summary
AI-generated summary
VeriSign (VRSN) EVP Thomas Indelicarto Receives 4,810-Share Award
What Happened
Thomas C. Indelicarto, EVP, General Counsel & Secretary of VeriSign (VRSN), had 4,810 performance-based restricted stock units (PSUs) vest in full on February 5, 2026 (grant reported as acquisition at $0.00). As part of the vesting, 1,594.966 shares were delivered/withheld to the company to satisfy tax withholding obligations at $242.62 per share, totaling $386,971. The award also included 41.9664 dividend-equivalent shares credited on vesting.
Key Details
- Transaction dates: PSUs vested and shares issued/withheld on 2026-02-05; Form 4 filed 2026-02-06 (appears timely).
- Award: 4,810 PSUs granted/treated as acquired at $0.00 on vesting.
- Tax withholding/disposition: 1,594.966 shares disposed at $242.62 per share for $386,971 (exempt disposition under Rule 16b-3).
- Dividend equivalents: 41.9664 shares included as dividend equivalents on the PSU award.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: PSUs were originally awarded Feb 13, 2023; performance was measured and final award determined Feb 5, 2026; withholding was by delivery/withholding of shares to cover taxes.
Context
These were performance-based RSUs that vested based on achievement of goals (not an open-market sale or purchase). The share disposition was a routine tax-withholding action (common on vesting) and is reported as exempt under Rule 16b-3. At the $242.62 per-share figure used for withholding, the 4,810 vested shares would be worth roughly $1.17M, while the withheld portion covered about $387K in taxes.