Salesforce (NYSE: CRM) CLO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Salesforce, Inc. President and CLO Niles Sabastian reported RSU vesting and related share movements. On February 22, 2026, 1,663 Restricted Stock Units were exercised into 1,663 shares of common stock at $0.00 per share, leaving 9,976 RSUs and 6,449 common shares directly held afterward. On the same date, 691 common shares at $185.16 per share were disposed of to satisfy tax liabilities upon vesting, reducing directly held common shares to 5,758. Footnotes state RSUs convert one-for-one into common stock and vest 25% of the original grant on August 22, 2024, with 1/16 of the original grant vesting quarterly thereafter.
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 | 691 | $185.16 | $128K |
Holdings After Transaction:
Restricted Stock Units — 9,976 shares (Direct);
Common Stock — 6,449 shares (Direct)
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.
FAQ
What insider transactions did Salesforce (CRM) report for Niles Sabastian?
Salesforce reported that Niles Sabastian had 1,663 Restricted Stock Units convert into 1,663 shares of common stock, and 691 common shares were disposed of to cover tax liabilities related to the RSU vesting event on February 22, 2026.
What is the vesting schedule of Niles Sabastian’s Salesforce (CRM) RSUs?
The Restricted Stock Units vest 25% of the original grant on August 22, 2024, with the remaining RSUs vesting in 1/16 increments of the original grant on a quarterly basis thereafter, as disclosed in the Form 4 footnotes.
How many Salesforce (CRM) RSUs does Niles Sabastian hold after these transactions?
After the February 22, 2026 transaction, Niles Sabastian holds 9,976 Restricted Stock Units. These RSUs are scheduled to convert into Salesforce common stock following the vesting terms described in the footnotes to the Form 4 filing.