Form 4: Salesforce Director Maynard Webb Jr. Reports Stock Transactions

Director Maynard Webb Jr. reported the vesting of restricted stock units and a transfer of shares to the Webb Family Trust.

Summary

• On August 22, 2024, Salesforce director Maynard Webb Jr. reported transactions involving Salesforce common stock.
• 330 shares were acquired through the vesting of restricted stock units at a price of $0.
• Also on August 22, 2024, shares were transferred, with 187 shares now indirectly held by the Webb Family Trust.
• Following these transactions, Mr. Webb directly owns 10,533 shares of Salesforce common stock.
• Mr. Webb also directly owns 330 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting standard compensation practices; it doesn't indicate any particularly positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the normal course of compensation and wealth management activities for a company director.

Stakeholder Impact

• The transactions reported have a minimal direct impact on stakeholders, as they reflect standard executive compensation and wealth management activities.

Key Dates