Form 4: Veeva Systems Executive Reports RSU Grant

Veeva Systems SVP, General Counsel, and Secretary Jonathan Faddis received a grant of Restricted Stock Units (RSUs) on April 7, 2026.

Summary

• Jonathan Faddis, SVP, General Counsel, and Secretary of Veeva Systems Inc., was granted Restricted Stock Units (RSUs) on April 7, 2026.
• These RSUs represent a contingent right to receive shares of Class A Common Stock.
• The grant is part of the Issuer's Amended & Restated 2013 Equity Incentive Plan.
• Vesting occurs over one year, with 1/4 vesting on July 1, 2026, and the remainder vesting quarterly thereafter, contingent on continued service.
• The transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-6(b).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a standard equity grant to an executive and does not immediately impact the company's financial performance or strategic direction.

Positives

• Grant of RSUs indicates management's continued incentive and alignment with the company's long-term performance.
• Vesting schedule over one year suggests a focus on retention and continued service.

Negatives

• No immediate financial gain or disposition of shares is reported, only the grant of future potential equity.

Risks

• Continued service is a condition for vesting, implying a risk of forfeiture if employment is terminated.
• The value of the RSUs is subject to the future market performance of Veeva Systems' Class A Common Stock.

Future Outlook

The future outlook for the RSUs is tied to the continued service of Jonathan Faddis and the performance of Veeva Systems' Class A Common Stock, with vesting occurring over the next year.

Industry Context

StockSavvy.ai notes that the granting of Restricted Stock Units (RSUs) to key executives like Jonathan Faddis is a common practice in the software and technology sector, including cloud-based solutions for life sciences, to attract, retain, and incentivize talent aligned with long-term company growth and shareholder value.

Stakeholder Impact

• Shareholders: The grant of RSUs aligns executive interests with shareholder value creation over the long term, but does not represent an immediate change in share count or dilution.

Next Steps

• Continued service by Jonathan Faddis to meet vesting conditions.
• Vesting of RSUs on a quarterly basis starting July 1, 2026.
• Potential future reporting of share disposition upon vesting and sale.

Key Dates

Keywords

Veeva Systems, VEEV, Form 4, RSU, Restricted Stock Units, Equity Incentive Plan, Jonathan Faddis, Insider Trading, Beneficial Ownership, SEC Filing