Form 4: Salesforce President and COO Brian Millham Reports Stock Transactions
SEC Form 4 Filing
Brian Millham, President and COO of Salesforce, reported the acquisition and disposal of company stock and restricted stock units on October 22 and 23, 2024.
Summary
- Brian Millham, the President and COO of Salesforce, filed a Form 4 detailing changes in his beneficial ownership of Salesforce securities.
- On October 22, 2024, Millham acquired 1,948 shares of common stock through the vesting of restricted stock units (RSUs).
- Also on October 22, 2024, 1,948 Restricted Stock Units converted to shares of common stock.
- On October 23, 2024, Millham disposed of 979 shares of common stock at a price of $285.2886 per share.
- Following these transactions, Millham directly owns 969 shares of Salesforce common stock and 19,476 restricted stock units.
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.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is closely monitored by investors for signals about the company's prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | 25% of the original grant of restricted stock units vested. |
| 10/22/2024 | Date of restricted stock unit vesting and acquisition of 1,948 shares of common stock. |
| 10/23/2024 | Date of sale of 979 shares of common stock at $285.2886 per share. |
| 04/22/2027 | Expiration date of the restricted stock units. |
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