Form 4: Salesforce Executive Parker Harris Reports Stock Transactions
SEC Form 4 Filing
Parker Harris, Co-Founder and CTO of Slack at Salesforce, reports the acquisition and disposal of Salesforce common stock and restricted stock units.
Summary
- Parker Harris, a Director and Co-Founder and CTO, Slack at Salesforce, filed a Form 4 detailing changes in beneficial ownership.
- On April 22, 2024, Harris acquired 1,116 and 7,141 shares of common stock through the vesting of restricted stock units.
- On April 23, 2024, Harris disposed of 561 and 3,586 shares of common stock at a price of $273.1522 per share.
- Following these transactions, Harris directly owns 115,762 shares of common stock.
- Harris also indirectly owns shares through various LLCs and a family trust, totaling 953,987 shares through HJ Family Trust, 115,840 shares each through LLCs BE, NE, and ZE, and 171,323 shares each through LLCs BN and NN and ZN.
- He also holds 21,424 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal given the relatively small number of shares involved compared to the total outstanding shares of Salesforce.
Key Dates
| Date | Description |
|---|---|
| 04/22/2021 | Restricted stock units vest as to 25% of the original grant on April 22, 2021 and vest as to 1/16 of the original grant quarterly thereafter. |
| 04/22/2024 | Earliest transaction date; Restricted stock units vest as to 25% of the original grant on April 22, 2024 and vest as to 1/16 of the original grant quarterly thereafter; Harris acquired 1,116 and 7,141 shares of common stock through the vesting of restricted stock units. |
| 04/23/2024 | Date of report; Harris disposed of 561 and 3,586 shares of common stock at a price of $273.1522 per share. |
| 04/22/2027 | Expiration date of some restricted stock units. |
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