Salesforce (NYSE: CRM) CLO exercises 1,662 RSUs; 920 shares withheld
Rhea-AI Filing Summary
Salesforce, Inc. (CRM) reported insider equity transactions by Niles Sabastian, President and CLO. On August 22, 2026, 1,662 Restricted Stock Units were exercised, converting on a one-for-one basis into 1,662 shares of common stock. These RSUs vest 25% on August 22, 2024 and 1/16 of the original grant quarterly thereafter.
In connection with this vesting and settlement, 920 common shares were withheld at a price of $209.17 per share to satisfy the reporting person’s tax liability. After the RSU exercise, the reporting person held 6,651 Restricted Stock Units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 742 shares
Net Buy
3 txns
Insider
Niles Sabastian
Role
President and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 1,662 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,662 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 920 | $209.17 | $192K |
Holdings After Transaction:
Restricted Stock Units — 6,651 shares (Direct);
Common Stock — 27,037 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
RSUs exercised: 1,662 Restricted Stock Units
Common shares acquired from RSU conversion: 1,662 shares
Shares withheld for taxes: 920 shares
+3 more
6 metrics
RSUs exercised
1,662 Restricted Stock Units
Exercised and converted into common stock on August 22, 2026
Common shares acquired from RSU conversion
1,662 shares
Common stock received upon RSU settlement at $0.00 per share
Shares withheld for taxes
920 shares
Withheld to satisfy tax liability upon RSU vesting and settlement
Tax withholding price
$209.17 per share
Price used for 920 withheld shares for tax liability
RSUs remaining after transaction
6,651 Restricted Stock Units
Directly held derivative position after the reported exercise
RSU vesting tranche
25% on August 22, 2024
Initial vesting portion of the original RSU grant
Key Terms
Restricted Stock Units, tax liability, vest, one-for-one basis
4 terms
Restricted Stock Units financial
"Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award."
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"
vest financial
"These Restricted Stock Units vest as to 25% of the original grant on August 22, 2024"
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.
one-for-one basis financial
"Restricted Stock Units convert to shares of common stock on a one-for-one basis."
FAQ
What insider transaction did Salesforce (CRM) report for Niles Sabastian?
Salesforce reported that Niles Sabastian, President and CLO, exercised 1,662 Restricted Stock Units on August 22, 2026, converting them into an equal number of common shares, with part of the resulting stock withheld to cover tax obligations.
How many Salesforce (CRM) RSUs vested and were converted for Niles Sabastian?
A total of 1,662 Restricted Stock Units vested and were converted into 1,662 shares of Salesforce common stock at an exercise price of $0.00 per share, reflecting a standard RSU settlement into stock.
What RSU vesting schedule does Salesforce (CRM) disclose for this grant?
Salesforce discloses that these Restricted Stock Units vest as to 25% of the original grant on August 22, 2024, with the remaining units vesting in 1/16 of the original grant quarterly thereafter, subject to the award’s terms.
How many Salesforce (CRM) RSUs does Niles Sabastian hold after this transaction?
After the reported transaction, 6,651 Restricted Stock Units remain held directly by Niles Sabastian, as shown in the post-transaction holdings figure in the Form 4 derivative securities table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
