Form 4: Salesforce Executive R David Schmaier Reports Stock Transactions
SEC Form 4 Filing
R David Schmaier, President & Chief Product Officer of Salesforce, reported the vesting and subsequent sale of common stock to cover tax obligations related to restricted stock units.
Summary
- On April 22, 2024, R David Schmaier, President & Chief Product Officer of Salesforce, had restricted stock units vest and convert to common stock.
- A portion of the newly vested shares were then sold on April 23, 2024, to cover tax withholding obligations.
- The sales were executed in multiple transactions at a price of $273.1522 per share.
- Following these transactions, Schmaier directly owns 18,787 shares of Salesforce common stock and 21,223 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies like Salesforce.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | Restricted stock units vested and converted to common stock. |
| 04/23/2024 | Sales of common stock to cover tax obligations. |
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