Form 4: Salesforce Executive Sundeep G. Reddy Reports Acquisition of Common Stock

EVP & Chief Accounting Officer of Salesforce, Sundeep G. Reddy, reports acquiring 2,772 shares of common stock on April 9, 2025, related to a performance-based restricted stock unit award.

Summary

• Sundeep G. Reddy, EVP & Chief Accounting Officer of Salesforce, filed a Form 4 on April 10, 2025.
• The report indicates that Mr. Reddy acquired 2,772 shares of Salesforce common stock on April 9, 2025.
• This acquisition was related to a performance-based restricted stock unit award.
• The performance period for the award ended on March 22, 2025, and the shares will vest subject to continued employment through April 15, 2025.
• Following the transaction, Mr. Reddy directly owns 14,082 shares of Salesforce common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock ownership.

Future Outlook

The shares acquired are subject to vesting based on continued employment through April 15, 2025.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing indicates that Mr. Reddy has met certain performance criteria and is increasing his stake in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Form 4, Salesforce, Sundeep G. Reddy, Stock Acquisition, Beneficial Ownership, Executive Compensation, Restricted Stock Units