Grant A. Highlander - 25 Apr 2022 Form 4 Insider Report for VERINT SYSTEMS INC (VRNT)

Role
Chief Financial Officer
Signature
/s/ Peter D. Fante, as Attorney-in-Fact for Grant A. Highlander
Issuer symbol
VRNT
Transactions as of
25 Apr 2022
Net transactions value
-$53,516
Form type
4
Filing time
15 Apr 2025, 17:06:32 UTC
Next filing
20 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRNT Common Stock Options Exercise $0 +2,334 +4.3% $0.000000 56,436 12 Apr 2025 Direct F1, F2
transaction VRNT Common Stock Options Exercise $0 +8,994 +16% $0.000000 65,430 12 Apr 2025 Direct F2, F3
transaction VRNT Common Stock Tax liability $11,037 -695 -1.1% $15.88 64,735 12 Apr 2025 Direct F1, F2, F4
transaction VRNT Common Stock Tax liability $42,479 -2,675 -4.1% $15.88 62,060 12 Apr 2025 Direct F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VRNT Restricted Stock Units Award +2,334 2,334 25 Apr 2022 Common Stock 2,334 Direct F1, F5
transaction VRNT Restricted Stock Units Award +9,167 +393% 11,501 20 Dec 2022 Common Stock 9,167 Direct F6, F7
transaction VRNT Restricted Stock Units Award +10,500 +91% 22,001 20 Apr 2023 Common Stock 10,500 Direct F8, F9
transaction VRNT Restricted Stock Units Award +44,974 +204% 66,975 22 Apr 2024 Common Stock 44,974 Direct F3, F10
transaction VRNT Restricted Stock Units Options Exercise -2,334 -3.5% 64,641 12 Apr 2025 Common Stock 2,334 Direct F1
transaction VRNT Restricted Stock Units Options Exercise -8,994 -14% 55,647 12 Apr 2025 Common Stock 8,994 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 25, 2022, the reporting person was granted 2,334 restricted stock units ("RSUs") subject to time vesting. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. All 2,334 RSUs vested on April 12, 2025.
F2 The reporting person's number of shares of common stock owned was previously overstated by 66,975 shares due to a number of RSUs that should have been reported in Table II instead of Table I on the reporting person's Form 3 filed on December 20, 2022 and their Forms 4 filed on December 20, 2022, April 24, 2023, and April 23, 2024.
F3 On April 22, 2024, the reporting person was granted 44,974 RSUs subject to time vesting. Such RSUs vest in five equal installments on April 12, 2025, September 12, 2025, April 12, 2026, September 12, 2026, and April 12, 2027. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 8,994 of these RSUs vested on April 12, 2025.
F4 Shares withheld to satisfy tax withholding obligation arising upon vesting of RSUs.
F5 These RSUs were incorrectly disclosed in Table I on the reporting person's Form 3 filed on December 20, 2022.
F6 On December 20, 2022, the reporting person was granted 9,167 RSUs subject to time vesting. Such RSUs vest on December 20, 2025. Each RSU represents a right to receive one share of common stock of the issuer and/or cash upon vesting.
F7 These RSUs were incorrectly disclosed in Table I on the reporting person's Form 4 filed on December 20, 2022.
F8 On April 20, 2023, the reporting person was granted 10,500 RSUs subject to time vesting. Such RSUs vest in three equal installments on June 15, 2025, December 15, 2025, and June 15, 2026. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting.
F9 These RSUs were incorrectly disclosed in Table I on the reporting person's Form 4 filed on April 24, 2023.
F10 These RSUs were incorrectly disclosed in Table I on the reporting person's Form 4 filed on April 23, 2024.