Indelicarto Thomas C 4
Research Summary
AI-generated summary
Verisign (VRSN) EVP Thomas C. Indelicarto Sells 500 Shares
What Happened
- Thomas C. Indelicarto, EVP, General Counsel & Secretary of Verisign, sold 500 shares of VRSN stock in an open-market/private sale on June 2, 2026. The shares were sold at $293.45 each for total proceeds of approximately $146,725. This was a sale (code S), which is often routine and not necessarily an indicator of company outlook.
Key Details
- Transaction date and price: 2026-06-02 — 500 shares at $293.45 per share.
- Total value: ~$146,725.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote: The filing notes 54.8533 dividend-equivalent restricted stock units were acquired on May 27, 2026 in respect of previously granted RSUs under the company’s 2006 Equity Incentive Plan (F1).
- Trading plan / timing: The filing was submitted on 2026-06-03 for the 2026-06-02 transaction; the filing does not indicate a 10b5-1 plan or other prearranged trading plan.
Context
- Sales by officers can be for many personal reasons (diversification, tax withholding, etc.) and do not necessarily reflect insider sentiment about the company. This filing documents a straightforward sale; no option exercise, gift, or complex derivative transaction is reported here.