Salesforce CRO exercises RSUs, withholds shares for tax
Salesforce, Inc. President and CRO Miguel Milano reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Salesforce, Inc. President and CRO Miguel Milano reported routine equity compensation activity. On May 22, 2026, 1,663 Restricted Stock Units converted into the same number of shares of common stock, reflecting a scheduled vesting event.
Of the vested shares, 680 were withheld at $180.07 per share to cover Milano’s tax liability, as described in the footnotes. Following these transactions, he directly holds 36,230 shares of Salesforce common stock and 8,313 Restricted Stock Units that continue to vest over time.
Insider Trade Summary
1,663 shares exercised/converted
Exercise
3 txns
Insider
Milano Miguel
Role
President and CRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,663 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,663 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 680 | $180.07 | $122K |
Holdings After Transaction:
Restricted Stock Units — 8,313 contracts (Direct);
Common Stock — 36,230 shares (Direct)
Footnotes (3)
- F1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.
- F2. Restricted Stock Units convert to shares of common stock on a one-for-one basis.
- F3. These Restricted Stock Units vest as to 25% of the original grant on August 22, 2024 and vest as to 1/16 of the original grant quarterly thereafter.
Key Figures
Shares withheld for taxes: 680 shares at $180.07
RSUs converted: 1,663 Restricted Stock Units
Direct common shares after transactions: 36,910 shares
+3 more
6 metrics
Shares withheld for taxes
680 shares at $180.07
Tax-withholding disposition on May 22, 2026
RSUs converted
1,663 Restricted Stock Units
Converted to common stock on May 22, 2026
Direct common shares after transactions
36,910 shares
Direct holdings following Form 4 transactions
Remaining RSUs
8,313 Restricted Stock Units
Derivative holdings after RSU conversion
RSU conversion ratio
1:1 to common stock
Restricted Stock Units convert one-for-one into common shares
Initial RSU vesting tranche
25% of original grant
Vests on August 22, 2024
Key Terms
Restricted Stock Units, tax liability, vest, derivative security
4 terms
Restricted Stock Units financial
"Restricted Stock Units convert to shares of common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award."
vest financial
"These Restricted Stock Units vest as to 25% of the original grant on August 22, 2024 and vest as to 1/16 of the original grant quarterly thereafter."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Salesforce (CRM) President and CRO Miguel Milano report?
Miguel Milano reported a scheduled vesting of 1,663 Restricted Stock Units into common shares. As part of this event, some shares were withheld to cover tax obligations, and his direct common stock holdings increased to 36,910 shares.
Are Miguel Milano’s Salesforce (CRM) Form 4 transactions open-market buys or sells?
The transactions are not open-market buys or sells. They reflect RSU vesting, an option-style exercise coded “M,” and a tax-withholding disposition coded “F,” where shares are withheld by the company to pay Milano’s tax obligations.
How do Miguel Milano’s Restricted Stock Units in Salesforce (CRM) vest over time?
The Restricted Stock Units vest 25% of the original grant on August 22, 2024. The remaining RSUs vest in 1/16 increments of the original grant on a quarterly schedule thereafter, according to the footnote in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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