Form 4: Veeva Systems Director Mary Lynne Hedley Reports Stock Transactions

Director Mary Lynne Hedley reports the vesting and conversion of restricted stock units into Class A Common Stock of Veeva Systems.

Summary

• On June 1, 2024, Mary Lynne Hedley, a director of Veeva Systems Inc., reported transactions involving restricted stock units (RSUs).
• 302 RSUs vested and were converted into 302 shares of Class A Common Stock at a price of $0.
• Following the transaction, Hedley directly owns 4,732 shares of Class A Common Stock.
• The RSUs were granted on June 21, 2023, under the company's Amended & Restated 2013 Equity Incentive Plan and vest quarterly.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment.

Positives

• The vesting of RSUs is part of a pre-existing equity incentive plan, aligning director compensation with company performance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the stock ownership of company directors.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a company director, providing transparency.

Key Dates