Form 4: Salesforce Executive Parker Harris Reports Stock Transactions
SEC Form 4 Filing
Salesforce executive Parker Harris reported the acquisition and disposal of company stock and restricted stock units, including sales to cover tax obligations.
Summary
- Parker Harris, a Salesforce executive, reported several transactions involving Salesforce common stock and restricted stock units.
- On December 22, 2024, Harris acquired 871 and 1,002 shares of common stock through the vesting of restricted stock units.
- Also on December 22, 2024, 871 and 1,002 restricted stock units were converted to common stock.
- On December 23, 2024, Harris sold 438 and 504 shares of common stock at a price of $339.7756 per share.
- These sales were to cover tax withholding obligations related to the vesting of the restricted stock units.
- Harris also holds a significant number of shares indirectly through various LLCs and a family trust.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.
Industry Context
This is a routine filing related to executive compensation and stock ownership, which is common for publicly traded companies like Salesforce.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded tech companies.
- The vesting schedules for restricted stock units, such as the quarterly vesting after an initial 25%, are typical in the industry.
- Sales to cover tax obligations are also a standard practice for executives receiving equity compensation.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and related to executive compensation.
- The sales of shares may have a slight downward pressure on the stock price, but the volume is relatively small compared to the overall market capitalization of Salesforce.
Key Dates
| Date | Description |
|---|---|
| 12/22/2024 | Restricted stock units vested and converted to common stock; 871 and 1,002 shares acquired. |
| 12/23/2024 | 438 and 504 shares of common stock sold at $339.7756 per share. |
Keywords
Salesforce, stock transactions, restricted stock units, executive, Parker Harris, Form 4, insider trading
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