Form 4: Veeva Systems Director Priscilla Hung Reports Stock Transactions

Director Priscilla Hung reports the vesting of restricted stock units in Veeva Systems, resulting in the acquisition of 302 shares of Class A Common Stock.

Summary

• On June 1, 2024, Priscilla Hung, a director of Veeva Systems Inc., reported a transaction involving the vesting of restricted stock units (RSUs).
• This transaction resulted in the acquisition of 302 shares of Class A Common Stock at a price of $0 per share.
• Following the transaction, Hung directly owns 2,938 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: The document is a standard regulatory filing detailing stock transactions, and it doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of RSUs indicates that the director is meeting the service requirements of the equity incentive plan.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine vesting of RSUs.

Key Dates