Form 4: Veeva Systems Director Marshall Mohr Reports Acquisition of Restricted Stock Units

Director Marshall Mohr reports acquisition of 1,539 restricted stock units in Veeva Systems Inc.

Summary

• On June 19, 2024, Marshall Mohr, a director of Veeva Systems Inc., acquired 1,539 Restricted Stock Units (RSUs).
• These RSUs represent a contingent right to receive one share of Class A Common Stock of Veeva Systems Inc.
• The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan.
• The RSUs vest over one year, with 1/4 vesting on September 1, 2024, and the remaining vesting quarterly thereafter, contingent upon continued service to the Issuer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of RSUs by a director is generally a positive sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs vest over one year, with 1/4 of the RSUs vesting on September 1, 2024, and 1/4 of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.

Industry Context

This filing is a routine disclosure of stock-based compensation to a company director, common in publicly traded companies like Veeva Systems.

Stakeholder Impact

• The acquisition of RSUs by a director can have a slightly positive impact on shareholder sentiment.

Key Dates