Form 4: Salesforce CFO Amy Weaver Reports Stock Transactions

Amy Weaver, President and CFO of Salesforce, reported the vesting and sale of restricted stock units to cover tax obligations.

Summary

• Amy Weaver, the President and CFO of Salesforce, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On September 22, 2024, restricted stock units vested and were converted to common stock.
• Specifically, 872 and 1,003 restricted stock units vested.
• Following the vesting, Ms. Weaver sold 438 and 504 shares of common stock on September 23, 2024, at a price of $264.7813 per share.
• These sales were to satisfy tax withholding obligations related to the vesting of the restricted stock units.
• After these transactions, Ms. Weaver directly owns 52,042 shares of Salesforce common stock and 6,015 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. It provides transparency to the market.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the sale of shares by an executive, which could slightly increase the stock's float.

Key Dates