Form 4: Salesforce Executive R David Schmaier Reports Stock Transactions
SEC Form 4
R David Schmaier, President & Chief Product Officer of Salesforce, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- R David Schmaier, President & Chief Product Officer of Salesforce, filed a Form 4 detailing changes in beneficial ownership.
- On March 22, 2025, Schmaier acquired shares through the vesting of restricted stock units (RSUs).
- Specifically, 545, 711, and 5,077 shares were acquired as RSUs converted to common stock.
- On March 24, 2025, Schmaier disposed of 191, 249, and 2,517 shares of common stock at a price of $284.5797 per share.
- These sales were to cover tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Schmaier directly owns 30,975 shares of common stock and 20,344 restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects routine executive stock transactions, which are neither particularly positive nor negative. It's a neutral disclosure.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive incentives with long-term company performance.
- Selling shares to cover tax obligations upon vesting of RSUs is a common practice among executives at publicly traded companies.
- The specific vesting schedules and amounts of RSUs vary widely across companies and are typically benchmarked against peer companies in the same industry.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
- Shareholders may monitor these filings for insights into executive sentiment and potential future trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/22/2022 | Restricted stock units vest as to 25% of the original grant. |
| 03/22/2023 | Restricted stock units vest as to 25% of the original grant. |
| 03/22/2025 | Date of earliest transaction; Restricted stock units vest as to 25% of the original grant; RSUs converted to common stock. |
| 03/24/2025 | Shares of common stock sold to cover tax obligations. |
| 03/22/2026 | Restricted stock units vest as to 25% of the original grant. |
| 03/22/2028 | Expiration date of some restricted stock units. |
| 03/22/2029 | Expiration date of some restricted stock units. |
| 03/25/2025 | Date of Form 4 filing. |
Keywords
Form 4, Salesforce, Schmaier, Stock, RSU, CRM, Transaction, Beneficial Ownership
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