Form 4: Salesforce Director Maynard Webb Converts RSUs
Insider Transaction Report
Salesforce Director Maynard Webb Jr. acquired 274 shares of common stock through the conversion of restricted stock units on August 22, 2025.
Summary
- Maynard G. Webb Jr., a Director at Salesforce, Inc. (CRM), acquired 274 shares of common stock.
- This acquisition resulted from the conversion of Restricted Stock Units (RSUs) on a one-for-one basis, with a conversion price of $0 per share.
- The transaction occurred on August 22, 2025, as part of a pre-scheduled vesting event.
- Following this transaction, Mr. Webb directly beneficially owns 2,516 shares of common stock and indirectly owns 187 shares through the Webb Family Trust.
- The RSUs are part of an original grant that vests 25% on each of February 22, 2025, May 22, 2025, August 22, 2025, and November 22, 2025.
- A Substitute Power of Attorney was executed on July 31, 2025, appointing Andrew Leeds as a substitute attorney-in-fact for Scott Siamas, who holds the original power of attorney for several individuals, including Maynard Webb.
Sentiment
Score: 6
Explanation: The filing reports a routine, pre-scheduled RSU conversion for a director, which is a neutral event but slightly positive as it increases insider ownership. The Power of Attorney is a procedural governance update.
Positives
- Director Maynard Webb Jr. increased his direct beneficial ownership of Salesforce common stock by 274 shares, further aligning his interests with shareholders.
- The conversion of Restricted Stock Units indicates the fulfillment of a pre-defined compensation and vesting schedule, demonstrating consistent executive compensation practices.
Future Outlook
The filing indicates a pre-scheduled vesting of Restricted Stock Units, with the next tranche expected to vest on November 22, 2025.
Industry Context
This is a routine insider transaction related to executive compensation and vesting schedules, which is common across the technology industry for retaining and incentivizing key personnel. It does not reflect broader industry trends or competitive shifts.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Delegation | Scott Siamas, acting under a previously filed limited power of attorney, appointed Andrew Leeds as a substitute attorney-in-fact. This grants Andrew Leeds the authority to perform acts necessary for SEC filings on behalf of individuals including Maynard Webb. | 07/31/2025 | This is a procedural update to the company's legal and compliance framework, ensuring continuity in the filing of SEC documents for designated individuals. It does not alter the roles or responsibilities of the underlying directors or officers. |
Related Party Transactions
- Maynard Webb Jr. indirectly owns 187 shares of common stock through the Webb Family Trust, indicating a related party holding.
Stakeholder Impact
- Shareholders: Increased direct ownership by a director may be viewed positively as it aligns management interests with shareholder interests.
- Employees: The RSU vesting demonstrates the company's compensation structure for its directors, which is a standard practice.
Next Steps
- The final tranche of the reported Restricted Stock Units is scheduled to vest on November 22, 2025.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Vesting date for 25% of original RSU grant. |
| 05/22/2025 | Vesting date for 25% of original RSU grant. |
| 07/31/2025 | Execution date of Substitute Power of Attorney appointing Andrew Leeds. |
| 08/22/2025 | Transaction date for RSU conversion and vesting of 25% of original RSU grant. |
| 08/25/2025 | Signature date of the Form 4 filing by attorney-in-fact. |
| 11/22/2025 | Vesting date for 25% of original RSU grant. |
Keywords
Salesforce, CRM, Maynard Webb, Director, Insider Transaction, Form 4, Restricted Stock Units, RSU Conversion, Stock Ownership, Corporate Governance, Power of Attorney
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