Miguel Milano Form 4: RSU Vesting Adds 1,015 Shares; 400 Withheld for Taxes
Rhea-AI Filing Summary
Miguel Milano, President and CRO of Salesforce, Inc. (CRM), reported changes in beneficial ownership on Form 4. The filing shows that on 09/22/2025 Mr. Milano had 1,015 restricted stock units (RSUs) vest and convert to 1,015 shares of common stock with no cash purchase price reported. The filing also shows 400 shares were withheld to satisfy tax withholding at a price of $249.69 per share. After the reported non-derivative transactions, beneficial ownership is reported as 11,921 shares following the RSU vesting event and 11,521 shares following the share withholding for taxes. The Form 4 is signed by an attorney-in-fact on 09/23/2025.
Positive
- 1,015 RSUs vested and converted to 1,015 common shares, increasing reported holdings
- Transactions appear to be routine settlement of equity compensation consistent with vesting schedule
Negative
- 400 shares were withheld to satisfy tax withholding, reducing the net increase in shares beneficially owned
- Withholding price reported at $249.69 per share, indicating tax-related disposition rather than a cash sale
Insights
TL;DR: Routine executive vesting and tax withholding; no change in control or new compensation structure.
The filing documents a standard equity compensation settlement: 1,015 RSUs vested and converted to common shares, and 400 shares were withheld to satisfy tax obligations at $249.69 per share. This transaction is administrative in nature and consistent with contractual vesting schedules rather than an opportunistic open-market sale or a new grant. The reporting indicates direct beneficial ownership and shows no indication of pledging, transfers to affiliates, or derivative hedging that would raise governance concerns.
TL;DR: Compensation settlement recorded; modest net increase in share count held by the reporting person.
The RSU conversion increased the reporting person's holdings by the gross vested amount of 1,015 shares, while tax withholding reduced the net incremental ownership by 400 shares at a withholding valuation of $249.69 per share. The filing includes the RSU vesting schedule reference and shows post-transaction beneficial ownership figures (11,921 and 11,521 shares). No option exercises or cash purchases are reported; all activity reflects settlement of previously granted equity awards.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,015 | $0.00 | -- |
| Exercise | Common Stock | 1,015 | $0.00 | -- |
| Tax Withholding | Common Stock | 400 | $249.69 | $100K |
Footnotes (1)
- Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award. 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 March 22, 2025 and vest as to 1/16 of the original grant quarterly thereafter.
