Salesforce (NYSE: CRM) director receives 442 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Salesforce director Maynard G. Webb Jr. reported an equity compensation event involving restricted stock units that convert into Salesforce common stock on a one-for-one basis.
On May 22, 2026, 442 RSUs converted into 442 shares of common stock at a stated price of $0.00 per share, reflecting a vesting of prior equity awards rather than an open‑market purchase. Following this, Webb holds 3,674 shares of common stock directly and 187 shares indirectly through the Webb Family Trust. The RSU award continues to vest in 25% installments on specified dates in 2026, indicating a standard staged vesting schedule for director compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
442 shares exercised/converted
Mixed
3 txns
Insider
WEBB MAYNARD G JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 442 | $0.00 | -- |
| Exercise | Common Stock | 442 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 882 shares (Direct, null);
Common Stock — 3,674 shares (Direct, null);
Common Stock — 187 shares (Indirect, Webb Family Trust)
Footnotes (1)
- Restricted Stock Units convert to shares of common stock on a one-for-one basis. These restricted stock units vest as to 25% of the original grant on each of February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026.
Key Figures
RSUs converted: 442 shares
Direct common stock holdings: 3,674 shares
Indirect common stock holdings: 187 shares
+2 more
5 metrics
RSUs converted
442 shares
Restricted Stock Units converting into common stock on May 22, 2026
Direct common stock holdings
3,674 shares
Total Salesforce common shares held directly after transaction
Indirect common stock holdings
187 shares
Salesforce common shares held indirectly via Webb Family Trust
RSU vesting schedule
4 installments of 25%
Original RSU grant vesting on Feb 22, May 22, Aug 22, Nov 22, 2026
Derivative exercise count
1 transaction, 442 shares
Exercise or conversion of derivative security reported in Form 4
Key Terms
Restricted Stock Units, derivative security, Webb Family Trust, indirect ownership
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.
derivative security financial
"transaction_code_description: 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.
Webb Family Trust financial
"nature_of_ownership: Webb Family Trust"
indirect ownership financial
"ownership_type: indirect, ownership_code: I"
FAQ
What insider transaction did Salesforce (CRM) director Maynard G. Webb Jr report?
Salesforce director Maynard G. Webb Jr reported the vesting and conversion of 442 restricted stock units into 442 shares of common stock at $0.00 per share, reflecting equity compensation rather than an open‑market stock purchase or sale.
What happened to the restricted stock units in the Salesforce (CRM) Form 4 filing?
442 restricted stock units converted into 442 Salesforce common shares on May 22, 2026 at a conversion price of $0.00 per unit, consistent with equity awards that settle in stock rather than cash when specific vesting conditions are met.
How do the Salesforce (CRM) restricted stock units vest for Maynard G. Webb Jr?
The restricted stock units vest in four equal 25% installments of the original grant on February 22, May 22, August 22, and November 22, 2026, creating a staged schedule where portions of the award convert into common stock over that year.
Is the Salesforce (CRM) Form 4 transaction a stock sale by Maynard G. Webb Jr?
No, the Form 4 describes a derivative exercise of restricted stock units into common shares at $0.00 per share, which is characterized as equity compensation vesting, not an open‑market sale of Salesforce stock by the director.