Salesforce director settles 1,786 RSUs in stock
Salesforce, Inc. director and Slack Co-Founder & CTO Parker Harris reported vesting of 1,786 Restricted Stock Units on July 22, 2026, converting into the same number of common shares.
Rhea-AI Filing Summary
Salesforce, Inc. director and Slack Co-Founder & CTO Parker Harris reported vesting of 1,786 Restricted Stock Units on July 22, 2026, converting into the same number of common shares. Of these, 886 shares were withheld at $163.00 per share to cover tax liabilities. After this tranche, Harris holds 5,356 RSUs and substantial indirect common-stock positions, including 930,987 shares in a family trust and additional holdings through several LLCs. The Rule 10b5-1 trading-plan checkbox was left unchecked.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,786 shares exercised/converted
Exercise
10 txns
Insider
Harris Parker
Role
Co-Founder and CTO, Slack
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4, F5 | 1,786 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,786 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 886 | $163.00 | $144K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,356 contracts (Direct);
Common Stock — 163,288 shares (Direct);
Common Stock — 930,987 shares (Indirect, By HJ Family Trust);
Common Stock — 115,840 shares (Indirect, By LLC BE);
Common Stock — 171,323 shares (Indirect, By LLC BN);
Common Stock — 115,840 shares (Indirect, By LLC NE);
Common Stock — 171,324 shares (Indirect, By LLC NN);
Common Stock — 115,840 shares (Indirect, By LLC ZE);
Common Stock — 171,324 shares (Indirect, By LLC ZN)
Footnotes (5)
- F1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.
- F2. Shares held in The G. Parker Harris III & Holly L. Johnson Family Trust.
- F3. The reported securities are held by an LLC that is managed by the reporting person and his spouse.
- F4. Restricted Stock Units convert to shares of common stock on a one-for-one basis.
- F5. 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: 1,786 units
Shares acquired via RSU settlement: 1,786 shares
Shares withheld for taxes: 886 shares
+5 more
8 metrics
RSUs converted
1,786 units
Restricted Stock Units converted to common stock on July 22, 2026
Shares acquired via RSU settlement
1,786 shares
Common stock received upon settlement of vested Restricted Stock Units
Shares withheld for taxes
886 shares
Common shares withheld to satisfy tax liability at RSU vesting
Tax withholding price
$163.00 per share
Per-share value applied to 886 shares withheld for tax liability
Remaining RSUs
5,356 units
Restricted Stock Units reported as outstanding after the RSU conversion
Family trust holdings
930,987 shares
Common stock held indirectly via The G. Parker Harris III & Holly L. Johnson Family Trust
LLC BE holdings
115,840 shares
Common stock held indirectly through LLC BE managed by the reporting person and spouse
LLC ZN holdings
171,324 shares
Common stock held indirectly through LLC ZN managed by the reporting person and spouse
Key Terms
Restricted Stock Units, tax liability, Rule 10b5-1, indirect ownership, +1 more
5 terms
Restricted Stock Units financial
"vesting of 1,786 Restricted Stock Units converting into common stock"
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
"shares withheld to satisfy the reporting person's tax liability upon vesting"
Rule 10b5-1 regulatory
"The Rule 10b5-1 trading-plan checkbox was left unchecked"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
indirect ownership financial
"substantial indirect common-stock positions through a family trust and LLCs"
withheld to satisfy financial
"shares withheld to satisfy the reporting person's tax liability upon vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Salesforce (CRM) director Parker Harris report?
Parker Harris reported vesting of 1,786 Restricted Stock Units, which converted into the same number of Salesforce common shares on July 22, 2026. The event reflects scheduled RSU vesting and settlement rather than an open-market purchase or sale.
How many Restricted Stock Units does Parker Harris still hold at Salesforce (CRM)?
Following the reported vesting, Parker Harris holds 5,356 Restricted Stock Units. These RSUs convert to common stock on a one-for-one basis, with vesting scheduled 25% on April 22, 2024 and 1/16 of the original grant quarterly thereafter.
What are Parker Harris’s major indirect holdings of Salesforce (CRM) stock?
Indirectly, Parker Harris is associated with 930,987 shares held by The G. Parker Harris III & Holly L. Johnson Family Trust and additional blocks, such as 115,840 and 171,324 shares, held through several LLCs he and his spouse manage.
Was Parker Harris’s Salesforce (CRM) transaction done under a Rule 10b5-1 plan?
No. The document-level Rule 10b5-1 checkbox is marked as not checked, indicating the reported RSU vesting and related tax-withholding transactions were not designated as executed under a Rule 10b5-1 trading plan.
What does the $163.00 price represent in Parker Harris’s Salesforce (CRM) Form 4?
The $163.00 per share figure applies only to the 886 shares disposed of under transaction code F. It represents the value used for shares withheld to cover Parker Harris’s tax liability upon RSU vesting and settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
