Form 4: Veeva Systems EVP Alan Mateo Reports Stock Transactions

EVP Global Sales at Veeva Systems, Alan Mateo, reports acquisition and disposal of Class A Common Stock and Restricted Stock Units.

Summary

• Alan Mateo, EVP Global Sales at Veeva Systems, filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2024, Mateo acquired 5,000 shares of Class A Common Stock and disposed of 2,558 shares to cover tax obligations at a price of $230.39.
• Additionally, Mateo acquired 1,944 shares of Class A Common Stock and disposed of 995 shares for tax obligations at $230.39.
• Following these transactions, Mateo directly owns 25,374 shares of Class A Common Stock and indirectly owns 7,349 shares through The Carol Mateo Trust dated November 30, 2020.
• The reported transactions also involve Restricted Stock Units (RSUs) vesting on April 1, 2024, with subsequent tax withholdings.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
• Similar filings are made by executives at comparable companies like Salesforce (CRM) and Oracle (ORCL) when they trade their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves are unlikely to have a significant impact on stakeholders.

Key Dates