Form 4: Veeva Systems SVP Jonathan Faddis Reports Stock Transactions

Jonathan Faddis, SVP, Gen. Counsel, and Secretary of Veeva Systems Inc., reports the vesting of restricted stock units and shares withheld for tax obligations.

Summary

• On January 1, 2025, Jonathan Faddis, SVP, Gen. Counsel, and Secretary of Veeva Systems Inc., engaged in transactions involving Class A Common Stock.
• Faddis vested 1,120 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Class A Common Stock.
• Shares totaling 445 were withheld by Veeva Systems to cover tax obligations related to the vesting of these RSUs at a price of $210.25 per share.
• Following these transactions, Faddis directly owns 8,736 shares of Class A Common Stock and 1,120 Restricted Stock Units.
• The RSUs vest over one year, with 25% vesting on July 1, 2024, and the remaining 75% vesting quarterly thereafter, contingent upon continued service to Veeva Systems.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's overall performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
• Similar filings are made by executives at comparable companies like Salesforce (CRM) and Oracle (ORCL) when they engage in stock transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
• Employees holding RSUs are affected as their equity vests over time.

Key Dates