Indelicarto Thomas C 4
4 · VERISIGN INC/CA · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Verisign (VRSN) EVP Thomas Indelicarto Sells Shares for Taxes
What Happened
Thomas C. Indelicarto, EVP, General Counsel & Secretary of Verisign (VRSN), had a total of 706.067 shares disposed on May 15, 2026 as payment of tax liabilities related to vesting awards. The withholding occurred at $297.57 per share across three withholdings (213.773 shares = $63,612; 254.881 shares = $75,845; 237.413 shares = $70,647), totaling approximately $210,104. This was a tax-withholding disposition of vested restricted stock units (not an open-market sale).
Key Details
- Transaction date: 2026-05-15; Filing date: 2026-05-18 (filed timely).
- Price: $297.57 per share.
- Shares withheld/ disposed: 213.773; 254.881; 237.413 (total 706.067).
- Total value withheld: ~$210,104.
- Post-transaction shares owned: Not disclosed in the filing.
- Footnote: Code F — disposition exempt under Rule 16b-3 as payment of tax liability by delivery/withholding of securities incident to RSU vesting.
Context
This was a routine tax-withholding event tied to the vesting of restricted stock units (RSUs). The company withheld shares to satisfy tax obligations (a common, administrative action) rather than the insider selling shares on the open market; such withholdings generally do not signal a change in management’s view of the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-05-15$297.57/sh−213.773$63,612→ 37,988.485 total - Tax Payment
Common Stock
[F1]2026-05-15$297.57/sh−254.881$75,845→ 37,733.604 total - Tax Payment
Common Stock
[F1]2026-05-15$297.57/sh−237.413$70,647→ 37,496.191 total
Footnotes (1)
- [F1]Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company by delivery or withholding securities incident to vesting of restricted stock units.