Salesforce president receives new stock and RSU awards
Salesforce, Inc. President and CLO Niles Sabastian reported equity compensation and related vesting activity.
Rhea-AI Filing Summary
Salesforce, Inc. President and CLO Niles Sabastian reported equity compensation and related vesting activity. He exercised restricted stock units into 5,083 shares of common stock on March 22, 2026, with 2,281 shares withheld at $195.38 per share to cover tax obligations.
He also received a grant of 32,418 performance stock options with a $280.62 exercise price and 26,144 new restricted stock units, all tied to multi-year performance and service-based vesting schedules. Following these transactions, he directly held 24,644 shares of common stock, reflecting net acquisition rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,083 shares exercised/converted
Exercise
9 txns
Insider
Niles Sabastian
Role
President and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,015 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,068 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Option | 32,418 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 26,144 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,015 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 410 | $195.38 | $80K |
| Exercise | Common Stock | 4,068 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,871 | $195.38 | $366K |
| Grant/Award | Common Stock | 16,084 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 46,475 contracts (Direct);
Performance Stock Option — 32,418 contracts (Direct);
Common Stock — 24,644 shares (Direct)
Footnotes (7)
- F1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.
- F2. This represents the number of shares subject to the new-hire performance-based restricted stock unit ("PRSU") award that were earned based on the achievement of certain performance criteria over a three-year performance period that ended on January 31, 2026. On March 22, 2026, the Compensation Committee certified that certain performance criteria with respect to the performance period were achieved, and the number of shares reported in column 4 are scheduled to vest on September 15, 2026, subject to the holder's continued employment through such date.
- F3. Restricted Stock Units convert to shares of common stock on a one-for-one basis.
- F4. These restricted stock units vest as to 25% of the original grant on March 22, 2025 and vest as to 1/16 of the original grant quarterly thereafter.
- F5. These restricted stock snits vest as to 25% of the original grant on March 22, 2026 and vest as to 1/16 of the original grant quarterly thereafter.
- F6. This represents the number of shares subject to fiscal year 2026 performance option that were earned based upon the achievement of applicable performance criteria with a performance period that ended on January 31, 2026. 25% of the earned option shares will become vested on March 22, 2026, with the remaining option shares becoming vested in equal monthly installments over the following 36 months, subject to the holder's continued service through each such date.
- F7. These restricted stock units vest as to 25% of the original grant on March 22, 2027 and vest as to 1/16 of the original grant quarterly thereafter.
FAQ
What transactions did Salesforce (CRM) executive Niles Sabastian report?
Niles Sabastian reported equity compensation activity, including RSU vesting into 5,083 common shares and tax withholding of 2,281 shares. He also received 32,418 performance stock options and 26,144 new RSUs, all as part of his incentive compensation structure.
Were any of Niles Sabastian’s Salesforce (CRM) transactions open-market sales or purchases?
No open-market purchases or sales were reported. Activity consisted of RSU conversions to common stock, tax withholding dispositions at $195.38 per share, and grants of performance stock options and restricted stock units as part of compensation arrangements.
What performance-based awards did Salesforce (CRM) grant to Niles Sabastian?
He received 32,418 performance stock options with a $280.62 exercise price and 26,144 performance-based RSUs. These were earned based on fiscal 2026 performance criteria and will vest over time, subject to continued employment and specified vesting schedules.
How were taxes handled on Niles Sabastian’s Salesforce (CRM) RSU vesting?
To satisfy tax liabilities from RSU vesting, 2,281 shares of Salesforce common stock were withheld at $195.38 per share. This withholding is a non-market disposition method commonly used to cover income and payroll taxes on equity compensation.
What vesting schedule applies to Niles Sabastian’s new Salesforce (CRM) RSUs?
The RSUs follow a service-based vesting pattern: 25% of the original grants vest on specific March 22 anniversaries, with the remaining 75% vesting in equal quarterly installments, provided he remains employed through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
