Form 4: Veeva Systems Executive Jonathan Faddis Reports Stock Option and RSU Grant

Jonathan Faddis, SVP, Gen. Counsel, and Secretary of Veeva Systems, reports the acquisition of stock options and restricted stock units (RSUs) in a recent Form 4 filing.

Summary

• On April 4, 2025, Jonathan Faddis, SVP, Gen. Counsel, and Secretary of Veeva Systems, filed a Form 4.
• The filing reports the grant of stock options to purchase 19,612 shares of Class A Common Stock at an exercise price of $213.68.
• These options vest over four years, starting April 1, 2026, with 25% vesting initially and the remainder vesting quarterly thereafter, contingent upon continued service.
• Faddis also received 4,903 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Class A Common Stock.
• These RSUs vest over one year, with 1/4 vesting on July 1, 2025, and the remainder vesting quarterly thereafter, contingent upon continued service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices that align management interests with shareholder value. There are no indications of negative events or concerns.

Positives

• The grant of stock options and RSUs aligns the executive's interests with those of the shareholders, incentivizing continued service and performance.

Future Outlook

The vesting schedules for both the stock options and RSUs are contingent upon continued service to the Issuer by the Reporting Person.

Industry Context

Stock option and RSU grants are common compensation practices for executives in publicly traded companies, particularly in the technology sector, to incentivize performance and retain talent.

Comparison to Industry Standards

• Vesting schedules for stock options and RSUs are typical in the tech industry.
• Companies like Salesforce, Workday, and ServiceNow also use similar equity-based compensation plans for their executives.
• Four-year vesting schedules for options and one-year vesting for RSUs are common benchmarks.

Stakeholder Impact

• The equity grants incentivize the executive to contribute to the company's success, potentially benefiting shareholders.
• Continued service of the executive ensures stability and experience within the management team, which can positively impact employees and other stakeholders.

Key Dates

Keywords

Form 4, Veeva Systems, Stock Options, Restricted Stock Units, RSUs, Jonathan Faddis, VEEV, Equity Incentive Plan, Vesting