Form 4: Salesforce Director Laura Alber Reports Stock Transactions
SEC Form 4 Filing
Laura Alber, a director at Salesforce, reported the vesting and conversion of restricted stock units into common stock on August 22, 2024.
Summary
- On August 22, 2024, Laura Alber, a director of Salesforce, executed transactions involving restricted stock units.
- 330 restricted stock units vested and were converted into 330 shares of Salesforce common stock.
- The price per share for the conversion was $0.
- Following the transaction, Ms. Alber directly owns 330 shares of Salesforce common stock.
- The restricted stock units vest in quarterly installments.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/22/2024 | 25% of restricted stock units vest. |
| 05/22/2024 | 25% of restricted stock units vest. |
| 08/22/2024 | 330 restricted stock units converted to common stock; 25% of restricted stock units vest. |
| 11/22/2024 | 25% of restricted stock units vest. |
| 08/23/2024 | Date of Form 4 filing. |
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