Form 4: Veeva Systems Director Marshall Mohr Reports Stock Transactions
SEC Form 4
Director Marshall Mohr of Veeva Systems reports the vesting and conversion of restricted stock units into Class A Common Stock.
Summary
- On June 1, 2024, Marshall Mohr, a director of Veeva Systems Inc., reported a transaction involving restricted stock units (RSUs).
- 339 RSUs vested and were converted into 339 shares of Class A Common Stock at a price of $0.
- Following the transaction, Mohr directly owns 3,282 shares of Class A Common Stock.
- The RSUs were granted on June 21, 2023, under the company's equity incentive plan and vest quarterly.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and insider trading reporting, which is neutral to slightly positive as it indicates alignment of interests between management and shareholders.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and equity ownership.
Key Dates
| Date | Description |
|---|---|
| June 21, 2023 | Reporting Person was granted 1,357 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan |
| September 1, 2023 | 1/4 of the RSUs vested |
| June 1, 2024 | 339 RSUs vested and were converted into Class A Common Stock |
| June 3, 2024 | Date of signature for the SEC Form 4 filing |
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