Salesforce (CRM) executive logs RSU conversion and 14,667 tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Salesforce, Inc. Chief Engineering and Customer Success Officer Srinivas Tallapragada reported routine equity compensation activity. On April 22, 2026, 1,785 restricted stock units converted into the same number of common shares. The RSUs convert to common stock on a one-for-one basis.
On the same date, a total of 14,667 common shares were withheld to cover his tax liabilities tied to vesting and settlement of time-based and performance-based RSU awards, a non-market disposition method. These transactions are compensation- and tax-related rather than open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,785 shares exercised/converted
Mixed
4 txns
Insider
Tallapragada Srinivas
Role
Chief Eng/Cust Success Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,785 | $0.00 | -- |
| Exercise | Common Stock | 1,785 | $0.00 | -- |
| Tax Withholding | Common Stock | 886 | $189.80 | $168K |
| Tax Withholding | Common Stock | 13,781 | $189.80 | $2.62M |
Holdings After Transaction:
Restricted Stock Units — 7,142 shares (Direct, null);
Common Stock — 83,144 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. 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. 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 April 22, 2024 and vest as to 1/16 of the original grant quarterly thereafter.
Key Figures
RSUs converted: 1,785 shares
Tax-withheld shares total: 14,667 shares
RSUs remaining: 7,142 units
+2 more
5 metrics
RSUs converted
1,785 shares
Restricted Stock Units converting to common stock on April 22, 2026
Tax-withheld shares total
14,667 shares
Common shares withheld to satisfy tax liabilities on RSU vesting
RSUs remaining
7,142 units
Restricted stock units outstanding after reported conversion
RSU vesting start
April 22, 2024
25% of original RSU grant vests on this date
RSU vesting pattern
1/16 quarterly
Remaining RSU grant vests in equal quarterly installments thereafter
Key Terms
Restricted Stock Units, performance-based restricted stock unit award, tax liability, vest, +1 more
5 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."
tax liability financial
"shares withheld to satisfy the reporting person's tax liability upon vesting"
vest financial
"These restricted stock units vest as to 25% of the original grant"
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.
derivative security financial
"transaction_code_description": "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.
FAQ
What insider transactions did Salesforce (CRM) report for Srinivas Tallapragada?
Salesforce reported that executive Srinivas Tallapragada had 1,785 restricted stock units convert into common stock and 14,667 common shares withheld for taxes. These are routine equity compensation and tax-withholding transactions, not open-market purchases or sales of CRM stock.
Were Srinivas Tallapragada’s Salesforce (CRM) transactions open-market sales?
No, the Form 4 shows tax-withholding dispositions rather than open-market sales. Shares were withheld by Salesforce to satisfy Tallapragada’s tax liabilities upon vesting and settlement of RSU and performance-based RSU awards, which is a standard compensation-related mechanism.
How many Salesforce (CRM) RSUs vested or converted in this Form 4?
The filing shows 1,785 restricted stock units converting into 1,785 shares of Salesforce common stock. The RSUs convert on a one-for-one basis, reflecting the vesting of a portion of a previously granted equity award to the executive.
What vesting schedule applies to the Salesforce (CRM) RSUs in this Form 4?
The filing states that these restricted stock units vest 25% of the original grant on April 22, 2024, with the remainder vesting in 1/16 increments quarterly thereafter. This creates a gradual vesting pattern over time for the executive’s equity award.
Does this Salesforce (CRM) Form 4 indicate remaining RSUs for the executive?
Yes. After the reported conversion, 7,142 restricted stock units remain outstanding in this award. These units will continue to vest over time according to the disclosed quarterly vesting schedule, subject to the terms of Salesforce’s equity compensation plan.