Salesforce (NYSE: CRM) awards 49,757 RSUs to its chief accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Salesforce, Inc. reported that EVP & Chief Accounting Officer Guy Wanger received a grant of 49,757 Restricted Stock Units. These RSUs convert into an equal number of Salesforce common shares on a one-for-one basis when they vest.
The award vests over four years: 40% of the original grant vests on June 22, 2027, then 7.5% of the grant vests quarterly during the second year, 5% vests quarterly during the third year, and 2.5% vests quarterly during the fourth year. This filing reflects a compensation-related equity grant rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wanger Guy
Role
EVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 49,757 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 49,757 shares (Direct, null)
Footnotes (1)
- Restricted Stock Units convert to shares of common stock on a one-for-one basis. The Restricted Stock Unit vests as to: (i) 40% of the original grant on June 22, 2027; (ii) 7.5% of the original grant quarterly during the second year following the grant date; (iii) 5% of the original grant quarterly during the third year following the grant date; and (iv) 2.5% of the original grant quarterly during the fourth year following the grant date.
Key Figures
RSUs granted: 49,757 units
Post-transaction RSU holdings: 49,757 units
Initial vesting tranche: 40% of grant
+4 more
7 metrics
RSUs granted
49,757 units
Restricted Stock Units granted to Guy Wanger
Post-transaction RSU holdings
49,757 units
Total RSUs held following this grant
Initial vesting tranche
40% of grant
Vests on June 22, 2027
Second-year vesting rate
7.5% quarterly
Of original RSU grant in year two
Third-year vesting rate
5% quarterly
Of original RSU grant in year three
Fourth-year vesting rate
2.5% quarterly
Of original RSU grant in year four
Exercise price
$0.00 per unit
RSU grant price and conversion price
Key Terms
Restricted Stock Units, one-for-one basis, vests, grant/award acquisition
4 terms
Restricted Stock Units financial
"Salesforce, Inc. reported that EVP & Chief Accounting Officer Guy Wanger received a grant of 49,757 Restricted Stock Units."
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.
one-for-one basis financial
"These RSUs convert into an equal number of Salesforce common shares on a one-for-one basis when they vest."
vests financial
"The Restricted Stock Unit vests as to: (i) 40% of the original grant on June 22, 2027; (ii) 7.5% of the original grant quarterly during the second year following the grant date; (iii) 5% of the original grant quarterly during the third year following the grant date; and (iv) 2.5% of the original grant quarterly during the fourth year following the grant date."
grant/award acquisition financial
"transaction_action: grant/award acquisition"
FAQ
What did Salesforce (CRM) disclose about Guy Wanger in this Form 4?
Salesforce disclosed that EVP & Chief Accounting Officer Guy Wanger received 49,757 Restricted Stock Units as an equity compensation grant. These RSUs will convert into the same number of Salesforce common shares as they vest over a four-year period.
How many Salesforce RSUs were granted to EVP & Chief Accounting Officer Guy Wanger?
Guy Wanger was granted 49,757 Restricted Stock Units. Each unit represents the right to receive one share of Salesforce common stock, subject to the vesting schedule described in the filing and continued service through the applicable vesting dates.
What is the vesting schedule for Guy Wanger’s Salesforce RSU grant?
The RSU grant vests 40% on June 22, 2027, then 7.5% of the original grant vests quarterly in the second year after grant, 5% vests quarterly in the third year, and 2.5% vests quarterly in the fourth year.
What is the conversion rate of Guy Wanger’s Restricted Stock Units at Salesforce?
The Restricted Stock Units convert into Salesforce common stock on a one-for-one basis. This means each vested RSU will deliver one share of Salesforce common stock, assuming all vesting and service conditions are fully met.