Form 4: Veeva Systems CFO Brian Van Wagener Reports Stock Transactions

Brian Van Wagener, CFO of Veeva Systems, reports the vesting and subsequent tax withholding of restricted stock units.

Summary

• On January 1, 2025, Brian Van Wagener, the Chief Financial Officer of Veeva Systems, had 1,370 Class A Common Stock shares vest from Restricted Stock Units (RSUs).
• These RSUs were granted under the company's 2013 Equity Incentive Plan and vest over 8 months.
• 62.5% of the RSUs vested on January 1, 2025, and the remaining 37.5% will vest on April 1, 2025, contingent upon continued service.
• 477 shares were withheld by Veeva Systems to cover tax obligations related to the vesting of the RSUs at a price of $210.25.
• Following these transactions, Van Wagener directly owns 5,570 shares of Class A Common Stock and 823 Restricted Stock Units.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions related to executive compensation.

Future Outlook

The remaining 37.5% of the RSUs will vest on April 1, 2025, subject to continued service to the Issuer by the Reporting Person.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.

Stakeholder Impact

• Shareholders are informed about insider transactions, promoting transparency.
• Employees, particularly those with similar equity compensation, may be interested in the vesting schedule and tax implications.

Key Dates