Form 4: Salesforce Executive Parker Harris Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Parker Harris, Co-Founder and CTO of Slack at Salesforce, sold 9,742 shares of common stock on April 16, 2025, to cover tax withholding obligations related to the vesting of a performance-based restricted stock unit award.
Summary
- On April 16, 2025, Parker Harris, Co-Founder and CTO of Slack at Salesforce, sold 9,742 shares of Salesforce common stock.
- The sale was executed at a price of $253.3078 per share.
- The transaction was to satisfy tax withholding obligations related to the settlement of shares earned from a performance-based restricted stock unit award.
- These shares vested based on Harris's continued employment through April 15, 2025.
- Following the transaction, Harris directly owns 134,807 shares.
- Harris also indirectly owns shares through various LLCs and a family trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment regarding the company's performance or outlook.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself is unlikely to have a significant impact on Salesforce's overall performance or stock price, as it represents a small fraction of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date through which Parker Harris's employment was required for the restricted stock unit award to vest. |
| 04/16/2025 | Date of the stock sale transaction. |
| 04/17/2025 | Date of signature on the Form 4 filing. |
Keywords
Salesforce, Parker Harris, stock sale, Form 4, executive compensation, restricted stock units, tax obligations, beneficial ownership, CRM
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