Salesforce (NYSE: CRM) president exercises RSUs, 920 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Salesforce, Inc. President and CLO Niles Sabastian reported routine equity compensation activity. On May 22, 2026, he exercised 1,663 Restricted Stock Units, which converted into the same number of shares of common stock on a one-for-one basis.
To cover tax obligations upon vesting and settlement of this award, 920 shares of common stock were withheld at a price of $180.07 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, Sabastian directly held 25,387 shares of Salesforce common stock.
The filing also notes that these Restricted Stock Units vest 25% of the original grant on August 22, 2024, with an additional 1/16 of the original grant vesting quarterly thereafter, and that 8,313 Restricted Stock Units remained credited to him following this conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,663 shares exercised/converted
Mixed
3 txns
Insider
Niles Sabastian
Role
President and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,663 | $0.00 | -- |
| Exercise | Common Stock | 1,663 | $0.00 | -- |
| Tax Withholding | Common Stock | 920 | $180.07 | $166K |
Holdings After Transaction:
Restricted Stock Units — 8,313 shares (Direct, null);
Common Stock — 26,307 shares (Direct, null)
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 August 22, 2024 and vest as to 1/16 of the original grant quarterly thereafter.
Key Figures
RSUs exercised: 1,663 shares
Tax-withholding shares: 920 shares
Tax-withholding price: $180.07 per share
+4 more
7 metrics
RSUs exercised
1,663 shares
Restricted Stock Units converted to common stock on May 22, 2026
Tax-withholding shares
920 shares
Shares withheld to satisfy tax liability at vesting
Tax-withholding price
$180.07 per share
Value used for tax-withholding disposition
Direct holdings after transactions
25,387 shares
Salesforce common stock held directly by Niles Sabastian
RSUs remaining
8,313 units
Restricted Stock Units credited after 1,663-unit conversion
Initial RSU vesting tranche
25% of original grant
Vests on August 22, 2024
Ongoing RSU vesting pace
1/16 of original grant
Vests quarterly after initial 25% tranche
Key Terms
Restricted Stock Units, tax liability, derivative security, tax-withholding disposition, +1 more
5 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 and settlement of a restricted stock unit award."
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
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.
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 President and CLO Niles Sabastian exercised 1,663 Restricted Stock Units into common stock. As part of this vesting event, 920 shares were withheld to satisfy tax liabilities, and he continued to hold 25,387 shares directly afterward.
Did Salesforce executive Niles Sabastian sell Salesforce (CRM) stock in this Form 4?
No open-market sale occurred. The filing shows 920 shares were disposed of solely to satisfy tax liabilities upon vesting of Restricted Stock Units. This tax-withholding disposition is a mechanical step tied to compensation, not a discretionary sale into the market.
What Restricted Stock Unit activity did Salesforce (CRM) disclose for Niles Sabastian?
Salesforce disclosed that 1,663 Restricted Stock Units vested and converted into common stock on a one-for-one basis. After this conversion, 8,313 Restricted Stock Units remained credited, subject to the original vesting schedule and future settlement into common shares.
How do Niles Sabastian’s Salesforce (CRM) RSUs vest over time?
The filing states that the RSU grant vests 25% of the original award on August 22, 2024, with the remaining portion vesting in 1/16 increments quarterly. This schedule progressively delivers shares as compensation over multiple vesting dates.