Form 4: Salesforce President and COO Brian Millham Reports Stock Transactions
SEC Form 4 Filing
Brian Millham, President and COO of Salesforce, reported the vesting and sale of restricted stock units to cover tax obligations.
Summary
- Brian Millham, the President and COO of Salesforce, filed a Form 4 detailing changes in his beneficial ownership of Salesforce stock.
- On June 22, 2024, Millham vested 1,634 and 1,706 shares of common stock from restricted stock units at a price of $0.
- On June 24, 2024, Millham sold 821 shares at $242.3233 and 857 shares at $242.3233 to cover tax withholding obligations related to the vesting of the restricted stock units.
- Following these transactions, Millham directly owns 1,662 shares of Salesforce common stock and 16,850 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, and does not inherently indicate positive or negative sentiment.
Industry Context
Executive stock transactions are common and closely monitored as they can provide insights into management's perspective on the company's performance and future prospects. This filing is a routine disclosure.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although it is a common practice to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/22/2022 | 25% of restricted stock units vest. |
| 03/22/2023 | 25% of restricted stock units vest. |
| 06/22/2024 | Restricted stock units convert to shares of common stock. |
| 06/22/2024 | Vesting of 1,634 restricted stock units. |
| 06/22/2024 | Vesting of 1,706 restricted stock units. |
| 06/24/2024 | Sale of 821 shares of common stock at $242.3233. |
| 06/24/2024 | Sale of 857 shares of common stock at $242.3233. |
| 03/22/2025 | Expiration date of restricted stock units granted on 03/22/2022. |
| 03/22/2026 | Expiration date of restricted stock units granted on 03/22/2023. |
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