Form 4: Veeva Systems Director Paul J. Sekhri Reports Stock Transactions
SEC Form 4 Filing
Director Paul J. Sekhri reports the vesting of restricted stock units and subsequent acquisition of Class A Common Stock.
Summary
- On June 1, 2024, Paul J. Sekhri, a director of Veeva Systems Inc., reported a transaction involving restricted stock units (RSUs).
- 290 RSUs vested, converting into 290 shares of Class A Common Stock.
- The transaction was exempt from Section 16(b) of the Securities Exchange Act of 1934.
- Following the transaction, Sekhri directly owns 15,354 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common for directors and officers of publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 06/21/2023 | Reporting Person was granted 1,160 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan |
| 09/01/2023 | 1/4 of the RSUs vested |
| 06/01/2024 | Transaction Date: 290 RSUs vested and converted into Class A Common Stock |
| 06/03/2024 | Date of signature for the Form 4 filing |
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