Form 4: Salesforce President and CLO Sabastian Niles Reports Stock Transactions
SEC Form 4 Filing
Salesforce's President and CLO, Sabastian Niles, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On August 22, 2024, Sabastian Niles, President and CLO of Salesforce, acquired 6,650 shares of common stock.
- These shares were obtained through the conversion of restricted stock units.
- On August 23, 2024, Niles disposed of 3,338 shares of common stock at a price of $262.9455 per share.
- Following these transactions, Niles directly owns 3,312 shares of common stock.
- Niles also directly owns 19,951 derivative securities in the form of restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of earliest transaction; acquisition of 6,650 shares of common stock and vesting of restricted stock units. |
| 08/23/2024 | Sale of 3,338 shares of common stock. |
| 08/22/2027 | Expiration date of restricted stock units. |
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