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 in Veeva Systems Inc.
Summary
- On March 1, 2024, Paul J. Sekhri, a director of Veeva Systems Inc., reported the vesting of 290 shares of Class A Common Stock.
- These shares were acquired through the vesting of Restricted Stock Units (RSUs) granted on June 21, 2023, under the company's Amended & Restated 2013 Equity Incentive Plan.
- Following the transaction, Sekhri directly owns 15,064 shares of Class A Common Stock and 290 derivative securities (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Positives
- The vesting of RSUs indicates continued service and commitment of the director to the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| June 21, 2023 | Reporting Person was granted 1,160 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan |
| September 1, 2023 | 1/4 of the RSUs vested |
| March 01, 2024 | Transaction Date: Vesting of 290 shares of Class A Common Stock. |
| March 05, 2024 | Date of report. |
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