Form 4: Veeva Systems Executive Thomas Schwenger Reports Stock Transactions

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

Summary

• On January 1, 2025, Thomas Schwenger, Pres. & Chief Customer Officer of Veeva Systems Inc., engaged in transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
• He acquired 1,909 shares of Class A Common Stock through the vesting of RSUs.
• 593 shares were disposed of to cover tax obligations related to the RSU vesting at a price of $210.25 per share.
• Following these transactions, Schwenger directly owns 28,329 shares of Class A Common Stock and 1,909 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. These transactions provide transparency into executive stock ownership and can be analyzed for insights into management's perspective on the company's value.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock disposals.

Key Dates