Salesforce (CRM) director converts 442 RSUs into common shares in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Salesforce director Kirk David Blair reported an internal equity transaction involving restricted stock units. On February 22, 2026, 442 restricted stock units were converted into 442 shares of Salesforce common stock at no cash exercise price, increasing his directly held common shares to 11,119. The restricted stock units convert to common stock on a one-for-one basis and vest in four equal installments of 25% of the original grant on February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
442 shares exercised/converted
Mixed
2 txns
Insider
Kirk David Blair
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 442 | $0.00 | -- |
| Exercise | Common Stock | 442 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,324 shares (Direct);
Common Stock — 11,119 shares (Direct)
Footnotes (1)
- 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 each of February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026.
FAQ
What insider transaction did Salesforce (CRM) director Kirk David Blair report?
Kirk David Blair reported an equity award-related transaction, where 442 restricted stock units were converted into 442 Salesforce common shares at a zero exercise price, reflecting vesting of prior compensation rather than an open-market stock purchase or sale.
What type of security was involved in Kirk David Blair’s Salesforce (CRM) Form 4 filing?
The filing involves restricted stock units that convert into Salesforce common stock on a one-for-one basis. These units are a form of equity compensation that deliver shares over time as they vest according to a specified schedule.
What is the vesting schedule for Kirk David Blair’s Salesforce (CRM) restricted stock units?
The restricted stock units vest in four equal installments. Twenty-five percent of the original grant vests on each of February 22, 2026, May 22, 2026, August 22, 2026, and November 22, 2026, resulting in shares being delivered on those dates.