Form 4: Veeva Systems Director Priscilla Hung Reports Stock Transactions
SEC Form 4
Director Priscilla Hung reports the vesting of restricted stock units in Veeva Systems, increasing her holdings.
Summary
- On March 1, 2025, Priscilla Hung, a director of Veeva Systems Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the vesting of 342 Restricted Stock Units (RSUs), which converted into 342 shares of Class A Common Stock.
- Following the transaction, Hung directly owns 3,966 shares of Class A Common Stock and 343 Restricted Stock Units.
- The RSUs were granted on June 19, 2024, under the company's equity incentive plan and vest quarterly.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting scheduled vesting of stock options, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The vesting of RSUs has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| June 19, 2024 | Reporting Person was granted 1,371 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan |
| September 1, 2024 | 1/4 of the RSUs vested |
| March 1, 2025 | Vesting of 342 Restricted Stock Units |
| March 3, 2025 | Date of signature for the report |
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