Form 4: Veeva Systems Inc. Executive Stacey Epstein Reports Stock Transactions

Chief Marketing Officer Stacey Epstein reports the vesting and subsequent tax withholding of restricted stock units in Veeva Systems Inc.

Summary

• On July 1, 2024, Stacey Epstein, Chief Marketing Officer of Veeva Systems Inc., had 891 Restricted Stock Units (RSUs) vest.
• These RSUs converted into shares of Class A Common Stock.
• The company withheld 333 shares to cover tax obligations at a price of $181.67 per share.
• Following these transactions, Epstein directly owns 558 shares.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices. It's a neutral event, but positive in the sense that it incentivizes management.

Future Outlook

The remaining 75% of the RSUs will vest quarterly, contingent upon continued service to the Issuer by the Reporting Person.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the stock-based compensation of key executives.

Comparison to Industry Standards

• Stock-based compensation is a common practice in the technology industry to align executive interests with shareholder value.
• Companies like Salesforce, Workday, and ServiceNow also utilize RSUs as part of their compensation packages.
• The vesting schedules and amounts vary based on company size, performance, and individual roles.

Stakeholder Impact

• Shareholders: Provides transparency on executive compensation.
• Employees: Demonstrates the company's commitment to incentivizing its leadership.
• Executives: Reinforces alignment of interests with company performance.

Key Dates