Salesforce (NYSE: CRM) director manages RSU vesting taxes with share withholding
Rhea-AI Filing Summary
Salesforce, Inc. director and Slack co-founder and CTO Parker Harris reported routine equity-compensation activity. On April 22, 2026, 1,785 restricted stock units converted into the same number of Salesforce common shares, reflecting scheduled vesting.
To cover tax obligations on these and related performance-based awards, a total of 14,667 shares were withheld at a reference price of $189.80 per share, classified as tax-withholding dispositions rather than open-market sales. After these entries, Harris directly held 161,109 shares of common stock and 7,142 restricted stock units, with additional indirect holdings through several LLCs managed by him and his spouse and through the G. Parker Harris III & Holly L. Johnson Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,882 shares
Net Sell
11 txns
Insider
Harris Parker
Role
Co-Founder and CTO, Slack
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,785 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,785 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 886 | $189.80 | $168K |
| Exercise Price or Tax Liability | Common Stock | 13,781 | $189.80 | $2.62M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 7,142 shares (Direct);
Common Stock — 161,109 shares (Direct);
Common Stock — 930,987 shares (Indirect, By HJ Family Trust);
Common Stock — 115,840 shares (Indirect, By LLC BE);
Common Stock — 171,323 shares (Indirect, By LLC BN);
Common Stock — 115,840 shares (Indirect, By LLC NE);
Common Stock — 171,324 shares (Indirect, By LLC NN);
Common Stock — 115,840 shares (Indirect, By LLC ZE);
Common Stock — 171,324 shares (Indirect, By LLC ZN)
Footnotes (6)
- F1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.
- F2. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of shares earned pursuant to a performance-based restricted stock unit award.
- F3. Shares held in The G. Parker Harris III & Holly L. Johnson Family Trust.
- F4. The reported securities are held by an LLC that is managed by the reporting person and his spouse.
- F5. Restricted Stock Units convert to shares of common stock on a one-for-one basis.
- F6. These restricted stock units vest as to 25% of the original grant on April 22, 2024 and vest as to 1/16 of the original grant quarterly thereafter.
Key Figures
RSUs converted: 1,785 shares
Shares withheld for taxes: 14,667 shares
Tax reference price: $189.80 per share
+5 more
8 metrics
RSUs converted
1,785 shares
Restricted Stock Units converting to common stock on April 22, 2026
Shares withheld for taxes
14,667 shares
Tax-withholding dispositions related to RSU and performance RSU vesting
Tax reference price
$189.80 per share
Price used for shares withheld to satisfy tax liabilities
Direct common shares after transactions
175,776 shares
Direct Salesforce holdings following April 22, 2026 entries
Remaining RSUs
7,142 units
Restricted stock units outstanding after the RSU conversion
Family trust holdings
930,987 shares
Shares held by The G. Parker Harris III & Holly L. Johnson Family Trust
LLC indirect holdings example
171,324 shares
Common stock held indirectly by an LLC managed by Harris and spouse
RSU vesting schedule
25% on April 22, 2024; 1/16 quarterly
Schedule for one restricted stock unit grant
Key Terms
Restricted Stock Units, performance-based restricted stock unit award, tax-withholding disposition, Family Trust, +2 more
6 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.
performance-based restricted stock unit award financial
"shares earned pursuant to a performance-based restricted stock unit award."
A performance-based restricted stock unit award is a promise to give company shares to an employee or executive only if the business hits specific targets over a set period. Think of it as a conditional prize that vests like a savings plan: if agreed goals (such as revenue, profit, or stock performance) are met, the recipient receives the shares; if not, they get nothing. Investors pay attention because these awards align management incentives with company results and can affect share count, future earnings and executive behavior.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Family Trust financial
"Shares held in The G. Parker Harris III & Holly L. Johnson Family Trust."
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.
vest financial
"These restricted stock units vest as to 25% of the original grant on April 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Salesforce (CRM) director Parker Harris report in this Form 4?
Parker Harris reported routine equity-compensation events, including the conversion of 1,785 restricted stock units into Salesforce common stock and related tax-withholding share dispositions. These entries reflect scheduled vesting and tax settlement, not open-market buying or selling activity.