Form 4: Veeva Systems Inc. Executive Kristine Diamond Reports Stock Transactions

Kristine Diamond, Chief Accounting Officer of Veeva Systems Inc., reports the vesting of restricted stock units and associated tax withholding.

Summary

• On April 1, 2025, Kristine Diamond, Chief Accounting Officer of Veeva Systems Inc., engaged in transactions involving Class A Common Stock.
• 204 shares were acquired upon the vesting of Restricted Stock Units (RSUs) at a price of $0.
• 78 shares were disposed of to satisfy tax withholding obligations at a price of $227.9 per share.
• Following these transactions, Diamond directly owns 864 shares of Class A Common Stock and 0 derivative securities.
• The RSUs vest over one year, with 25% vesting on July 1, 2024, and the remaining 75% vesting quarterly thereafter, contingent upon continued service.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider trading reporting, indicating a neutral to slightly positive sentiment as it confirms ongoing executive engagement and equity ownership.

Positives

• The vesting of RSUs indicates a form of compensation and alignment of the executive's interests with the company's performance.

Future Outlook

The remaining RSUs will continue to vest quarterly, subject to the reporting person's continued service to the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Comparison to Industry Standards

• Equity compensation, including RSUs, is a common practice among publicly traded companies, particularly in the technology sector, to incentivize and retain key employees.
• Vesting schedules, such as the one-year schedule with quarterly vesting, are standard in the industry.
• Companies like Salesforce, Workday, and Oracle also utilize similar equity compensation plans for their executives.

Stakeholder Impact

• Shareholders are informed about the executive's stock ownership and transactions, providing transparency.
• Employees may view this as part of the company's compensation strategy.
• The transactions have a minimal direct impact on customers, suppliers, and creditors.

Key Dates

Keywords

Veeva Systems, Kristine Diamond, Form 4, Restricted Stock Units, RSU, Class A Common Stock, Beneficial Ownership, Tax Withholding, Insider Trading