Form 4: Salesforce Director Laura Alber Reports Stock Transactions
SEC Form 4
Laura Alber, a director at Salesforce, reported the vesting and conversion of restricted stock units into common stock on May 22, 2024.
Summary
- On May 22, 2024, Laura Alber, a director of Salesforce, Inc., reported transactions involving Salesforce common stock.
- Specifically, 330 restricted stock units (RSUs) vested and were converted into 330 shares of common stock.
- The transaction was executed under transaction code 'M', indicating the exercise or conversion of a derivative security.
- Following the reported transaction, Ms. Alber directly owns 660 derivative securities.
- The RSUs vest in quarterly installments.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, and the transactions are part of a pre-determined vesting schedule. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves the routine vesting and conversion of RSUs.
Key Dates
| Date | Description |
|---|---|
| 02/22/2024 | 25% of restricted stock units vest |
| 05/22/2024 | Laura Alber converted 330 restricted stock units into common stock and 25% of restricted stock units vest |
| 08/22/2024 | 25% of restricted stock units vest |
| 11/22/2024 | 25% of restricted stock units vest |
| 05/23/2024 | Date of signature for the Form 4 filing |
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