Form 4: Veeva Systems Director Priscilla Hung Reports Stock Transactions

Director Priscilla Hung reports the vesting and conversion of restricted stock units into Class A Common Stock of Veeva Systems.

Summary

• On September 1, 2024, Priscilla Hung, a director of Veeva Systems Inc., reported transactions involving Class A Common Stock.
• Hung acquired 343 shares of Class A Common Stock upon the vesting of Restricted Stock Units (RSUs).
• These RSUs were granted on June 19, 2024, under the company's equity incentive plan.
• The vesting schedule is quarterly, with 1/4 vesting on September 1, 2024, and the remainder vesting quarterly thereafter, contingent upon continued service on the board.
• Following the reported transactions, Hung directly owns 3,281 shares of Class A Common Stock and 1,028 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a standard regulatory filing related to stock transactions, with neutral sentiment.

Future Outlook

The remaining RSUs will continue to vest quarterly, contingent upon continued service on the board of directors.

Industry Context

This is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the ongoing vesting of executive compensation.

Key Dates