Form 4: Salesforce Executive R. David Schmaier Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Chief Product & Impact Officer of Salesforce, R. David Schmaier, sold shares to cover tax obligations related to vested restricted stock units.
Summary
- R. David Schmaier, Chief Product & Impact Officer at Salesforce, sold 6,959 shares of common stock on April 16, 2025.
- The sale was executed at a price of $253.3078 per share.
- The transaction was to satisfy tax withholding obligations related to the vesting of performance-based restricted stock units.
- Following the transaction, Schmaier directly owns 36,090 shares of Salesforce common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock sale to cover tax obligations, which is a neutral event.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's overall performance.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date shares were earned by the holder pursuant to a performance-based restricted stock unit award that vested based on the holder's continued employment. |
| 04/16/2025 | Date of the stock sale transaction. |
| 04/17/2025 | Date of signature on the Form 4 filing. |
Keywords
Salesforce, R. David Schmaier, Form 4, insider trading, stock sale, tax obligations, restricted stock units, CRM
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