Form 4: Veeva Systems Director Hedley Reports Stock Transactions
SEC Form 4 Filing
Director Mary Lynne Hedley reports the vesting of restricted stock units in Veeva Systems Inc.
Summary
- Mary Lynne Hedley, a director of Veeva Systems Inc., reported a transaction on September 1, 2024.
- The transaction involved the vesting of 343 shares of Class A Common Stock from Restricted Stock Units (RSUs).
- These RSUs were granted on June 19, 2024, under the company's equity incentive plan.
- Following the transaction, Hedley directly owns 5,075 shares of Class A Common Stock and 1,028 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Future Outlook
The remaining RSUs will vest equally on a quarterly basis, subject to continued service on the Issuer's board of directors.
Industry Context
This is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| June 19, 2024 | Reporting Person was granted 1,371 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan |
| September 1, 2024 | Date of earliest transaction; 1/4 of the RSUs vested |
| September 3, 2024 | Date of signature for the report |
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