Form 4: Salesforce EVP Reddy Reports RSU Vesting, Tax Withholding

Salesforce's EVP & Chief Accounting Officer, Sundeep G. Reddy, reported the vesting of restricted stock units and subsequent tax-related share disposition.

Summary

• Sundeep G. Reddy, EVP & Chief Accounting Officer of Salesforce, Inc. (CRM), reported transactions on January 22, 2026.
• 487 Restricted Stock Units (RSUs) vested and converted into common stock at a price of $0 per unit.
• 243 shares of common stock were subsequently disposed of to satisfy tax withholding obligations at a price of $228.09 per share.
• Following these transactions, Reddy beneficially owns 13,912 shares of common stock and 2,435 Restricted Stock Units.
• The transactions were made pursuant to a Rule 10b5-1(c) pre-planned contract.

Sentiment

Score: 5

Explanation: The filing is neutral, reporting routine insider transactions related to executive compensation and tax obligations. It does not indicate any discretionary buying or selling that would suggest a strong positive or negative sentiment.

Positives

• The vesting of Restricted Stock Units indicates the fulfillment of compensation incentives for a key executive.
• The transaction was executed under a Rule 10b5-1(c) plan, suggesting a pre-scheduled, non-discretionary event.

Negatives

• A portion of the vested shares (243 shares) was sold to cover tax liabilities, reducing the executive's direct common stock holdings.

Industry Context

This filing is a routine disclosure of an insider's equity transactions, common across all publicly traded companies as part of executive compensation and compliance with SEC regulations. It does not reflect broader industry trends but rather individual executive compensation events.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation-related transaction for an executive, pre-planned under Rule 10b5-1(c).
• Employees: No direct impact beyond the reporting executive.

Next Steps

• Remaining Restricted Stock Units will continue to vest quarterly as 1/16 of the original grant after April 22, 2024, until the expiration date of April 22, 2027.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-planned transaction by an executive involving the vesting of restricted stock units and subsequent tax withholding. Such transactions are part of standard executive compensation and compliance, offering no new fundamental information to warrant a change in investment recommendation. The company's underlying business performance and strategic outlook remain the primary drivers for investment decisions, which are not addressed in this filing.

Keywords

Salesforce, CRM, Sundeep G. Reddy, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Tax Withholding, Executive Compensation, Beneficial Ownership