Form 4: Veeva Systems Director Nimrata Hunt Reports Stock Transactions

Director Nimrata Hunt reports the vesting and subsequent acquisition of 302 shares of Veeva Systems Class A Common Stock on March 1, 2024, stemming from previously granted Restricted Stock Units (RSUs).

Summary

• On March 1, 2024, Nimrata Hunt, a director of Veeva Systems Inc., reported a transaction involving Class A Common Stock.
• The transaction involved the vesting of 302 Restricted Stock Units (RSUs), which converted into 302 shares of Class A Common Stock.
• These RSUs were part of a grant of 1,209 RSUs awarded on June 21, 2023, under the company's equity incentive plan.
• The RSUs vest quarterly, subject to continued service on the board of directors.
• Following the transaction, Hunt directly owns 2,529 shares of Veeva Systems Class A Common Stock.
• The transaction was exempt from Section 16(b) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. It provides transparency into their stock ownership and trading activities.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it represents a small portion of the total outstanding shares.

Key Dates