Form 4: Veeva Systems Executive Reports Stock Transactions

Thomas D. Schwenger, President & Chief Customer Officer at Veeva Systems Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.

Summary

• Thomas D. Schwenger, President & Chief Customer Officer of Veeva Systems Inc., engaged in stock transactions on April 1, 2026.
• He acquired 2,043 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) with a reported price of $0.
• Following this acquisition, Schwenger beneficially owns 24,247 shares of Class A Common Stock.
• Additionally, 588 shares were withheld by the issuer to cover tax obligations related to the net settlement of vested RSUs, with a transaction value of $172.74 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine executive stock transactions related to compensation rather than significant strategic or financial events.

Positives

• Acquisition of 2,043 shares of Class A Common Stock through RSUs, indicating continued equity participation.
• The RSUs vest over one year, with 25% vesting on July 1, 2025, and quarterly thereafter, suggesting a long-term incentive structure.

Negatives

• 588 shares were withheld for tax purposes, reducing the net shares received by the executive.

Risks

• The filing does not explicitly mention any new risks or challenges.
• Potential future tax implications for executives upon vesting and sale of RSUs.

Future Outlook

The filing pertains to past transactions and does not contain forward-looking statements or guidance regarding future company performance.

Management Comments

• The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan.
• Vesting of RSUs is subject to continued service to the Issuer by the Reporting Person.

Industry Context

StockSavvy.ai notes that executive stock transactions, particularly those involving RSUs, are common within the software and technology sector as a method for aligning executive interests with shareholder value and attracting/retaining talent.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction reflects standard executive compensation practices and does not immediately indicate a change in beneficial ownership that would significantly impact control or voting power.
• Employees: The RSU plan highlights Veeva's approach to incentivizing key personnel.
• Management: The transaction is part of the executive's compensation package.

Next Steps

• Continued vesting of RSUs over the next year, subject to continued service.
• Potential future sale of acquired shares by the reporting person, subject to applicable rules and market conditions.

Key Dates

Keywords

Veeva Systems, VEEV, Form 4, Stock Transaction, Restricted Stock Units, RSU, Class A Common Stock, Beneficial Ownership, Executive Compensation, SEC Filing