Salesforce CEO has shares withheld for taxes
Salesforce, Inc. Chair and CEO Marc Benioff reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Salesforce, Inc. Chair and CEO Marc Benioff reported a routine tax-related share disposition. 22,560 shares of common stock were withheld at $189.80 per share to satisfy his tax liability upon vesting and settlement of a performance-based restricted stock unit award.
After this tax-withholding event, Benioff directly holds 11,934,486 shares of Salesforce common stock. He also indirectly holds 10,000,000 shares through Marc Benioff Fund LLC and 107,000 shares through a trust, reflecting a substantial continuing ownership stake.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 22,560 | $189.80 | $4.28M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. Shares held in the reporting person's name or in the Marc R. Benioff Revocable Trust.
- F3. Shares held in the Marc Benioff Fund LLC (the "Fund"). Fund interests are held in the reporting person's name or in trust.
Key Figures
Key Terms
performance-based restricted stock unit award financial
tax liability financial
withheld financial
Revocable Trust financial
Fund LLC financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Salesforce (CRM) CEO Marc Benioff report in this Form 4?
What indirect Salesforce (CRM) holdings does Marc Benioff have?
Was Marc Benioff’s Salesforce (CRM) transaction an open-market sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.