McPherson Danny R 4
Research Summary
AI-generated summary
Verisign EVP Danny R. McPherson Sells Shares for Tax Withholding
What Happened
- Danny R. McPherson, EVP — Technology & CSO at Verisign (VRSN), had 1,648.671 shares withheld/disposed to cover tax liabilities tied to vesting restricted stock units. The disposals occurred at $219.03 per share on 2026-02-15, with a combined value of approximately $361,108. These were tax-withholding dispositions (not open-market sales).
Key Details
- Transaction date: 2026-02-15; per-share price: $219.03.
- Lots: 159.062 shares ($34,839), 213.101 shares ($46,675), 253.877 shares ($55,607), 1,022.631 shares ($223,987).
- Total shares disposed: 1,648.671; total value: ~$361,108.
- Shares owned after the transaction: not stated in the provided filing excerpt.
- Footnote: F1 — disposition exempt under Rule 16b-3 as payment of tax liability to the company by delivery or withholding of securities incident to RSU vesting.
- Filing: Report filed 2026-02-17 for a 2026-02-15 transaction (filed within the usual two-day Form 4 window).
Context
- This was a routine tax-withholding event tied to vested restricted stock units (RSUs). Such dispositions are common and reflect withholding to satisfy tax obligations rather than a voluntary open-market sale that might indicate a trading view. For retail investors, purchases or open-market sales by insiders can be more informative about personal sentiment than routine withholding transactions.