Form 4: Salesforce EVP Sundeep G. Reddy Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Sundeep G. Reddy, EVP & Chief Accounting Officer of Salesforce, sold 1,256 shares of common stock on April 16, 2025, to cover tax withholding obligations related to the vesting of performance-based restricted stock units.
Summary
- Sundeep G. Reddy, an EVP & Chief Accounting Officer at Salesforce, filed a Form 4 on April 17, 2025, reporting a change in beneficial ownership of Salesforce stock.
- On April 16, 2025, Reddy sold 1,256 shares of Salesforce common stock at a price of $253.3078 per share.
- The sale was executed to satisfy tax withholding obligations related to the settlement of shares earned from a performance-based restricted stock unit award.
- Following the transaction, Reddy directly owns 12,826 shares of Salesforce common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This particular filing reflects a common practice of selling shares to cover tax obligations associated with equity compensation.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it's a small transaction related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date shares were earned by the holder pursuant to a performance-based restricted stock unit award that vested based on the holder's continued employment. |
| 04/16/2025 | Date of the stock sale transaction. |
| 04/17/2025 | Date the Form 4 was filed. |
Keywords
Form 4, Salesforce, Stock Sale, Beneficial Ownership, Sundeep G. Reddy, Tax Withholding, Restricted Stock Units
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