Form 4: Veeva Systems Executive Thomas D. Schwenger Reports Stock Transactions

Thomas D. Schwenger, Pres. & Chief Customer Officer of Veeva Systems, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units on April 1, 2025.

Summary

• On April 1, 2025, Thomas D. Schwenger, the President & Chief Customer Officer of Veeva Systems Inc., reported transactions involving the company's Class A Common Stock and Restricted Stock Units (RSUs).
• Schwenger acquired 1,909 shares of Class A Common Stock through the vesting of RSUs.
• Simultaneously, 549 shares were disposed of to cover tax obligations related to the RSU vesting at a price of $227.9 per share.
• Following these transactions, Schwenger directly owns 29,689 shares of Class A Common Stock.
• The RSUs were granted under the company's Amended & Restated 2013 Equity Incentive Plan and vest over one year, with 25% vesting on July 1, 2024, and the remaining vesting quarterly thereafter, contingent upon continued service.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock. It's a standard practice for executives at publicly traded companies like Veeva Systems.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
• The disclosure provides transparency to shareholders regarding insider trading activities.

Key Dates

Keywords

Veeva Systems, Thomas D. Schwenger, Form 4, Stock Transactions, Restricted Stock Units, Class A Common Stock, Insider Trading, SEC Filing