Form 4: Salesforce Executive R. David Schmaier Reports Stock Transactions
SEC Form 4 Filing
R. David Schmaier, Chief Product & Impact Officer at Salesforce, reported the acquisition and disposal of company stock to cover tax obligations related to vested restricted stock units.
Summary
- On April 22, 2025, R. David Schmaier, Chief Product & Impact Officer at Salesforce, exercised restricted stock units (RSUs) converting into 1,769 shares of common stock.
- On April 23, 2025, Schmaier sold 889 shares at $253.6637 and 3,697 shares at $253.6637 to cover tax withholding obligations related to the vesting of restricted stock units.
- Following these transactions, Schmaier directly owns 33,273 shares of Salesforce common stock and 14,149 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages including stock options and restricted stock units. These transactions are closely monitored by investors for insights into executive sentiment and company performance.
Comparison to Industry Standards
- Executive compensation packages at comparable tech companies like Microsoft, Oracle, and Adobe often include a mix of salary, stock options, and restricted stock units.
- The vesting schedules and tax withholding practices observed in this filing are typical for RSU grants in the tech industry.
- Salesforce's approach to equity compensation appears consistent with industry norms.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in the number of shares available in the market.
- The transactions have a direct impact on the reporting person's holdings and financial status.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | 25% of the original grant of restricted stock units vests. |
| 04/22/2025 | Restricted stock units convert to shares of common stock; RSU vesting date; Schmaier exercised 1,769 RSUs. |
| 04/23/2025 | Schmaier sold 889 shares at $253.6637 and 3,697 shares at $253.6637. |
| 04/22/2027 | Expiration date of restricted stock units. |
| 04/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Salesforce, R. David Schmaier, Stock Transactions, Form 4, Restricted Stock Units, Tax Withholding, Beneficial Ownership, CRM
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