Veeva executive exercises 2,180 RSUs into shares
Veeva Systems Inc. President & Chief of Staff Eleni Nitsa Zuppas reported routine equity compensation activity involving Restricted Stock Units (RSUs) tied to Class A Common Stock.
Rhea-AI Filing Summary
Veeva Systems Inc. President & Chief of Staff Eleni Nitsa Zuppas reported routine equity compensation activity involving Restricted Stock Units (RSUs) tied to Class A Common Stock. On July 1, 2026, 2,180 RSUs converted into 2,180 shares of Class A Common Stock, increasing her directly held stock to 33,418 shares. The same 2,180 RSUs are reflected as a derivative transaction, with 6,541 RSUs remaining after this event.
The RSUs were granted under Veeva’s Amended & Restated 2013 Equity Incentive Plan and vest over one year, with one-quarter vesting on July 1, 2026 and additional quarters vesting on a quarterly basis thereafter, subject to continued service. The transaction is noted as exempt from Section 16(b) under Rule 16b-6(b).
Positive
- None.
Negative
- None.
Insider Trade Summary
2,180 shares exercised/converted
Exercise
2 txns
Insider
Zuppas Eleni Nitsa
Role
President & Chief of Staff
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,180 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,180 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 6,541 contracts (Direct);
Class A Common Stock — 33,418 shares (Direct)
Footnotes (3)
- F1. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
- F2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F3. The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan (the "Plan"). The Reporting Person vests ownership in the RSUs over 1-year with 1/4 of the RSUs vesting on July 1, 2026, and 1/4 of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.
Key Figures
RSUs converted: 2,180 shares
Common shares held after: 33,418 shares
RSUs remaining: 6,541 RSUs
+2 more
5 metrics
RSUs converted
2,180 shares
RSUs converting into Class A Common Stock on July 1, 2026
Common shares held after
33,418 shares
Direct Class A Common Stock holdings following transaction
RSUs remaining
6,541 RSUs
Restricted Stock Units outstanding after the transaction
Exercise/Conversion price
$0.00 per share
Reported transaction price per share for RSU conversion
Exercise events
1 exercise, 2,180 shares
Aggregate derivative exercise activity in this filing
Key Terms
Restricted Stock Unit, Section 16(b), Rule 16b-6(b), Equity Incentive Plan, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Section 16(b) regulatory
"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-6(b) regulatory
"pursuant to Rule 16b-6(b) promulgated under the Act"
Equity Incentive Plan financial
"The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Class A Common Stock financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Veeva Systems (VEEV) report for Eleni Nitsa Zuppas?
Veeva Systems reported that President & Chief of Staff Eleni Nitsa Zuppas had 2,180 Restricted Stock Units convert into 2,180 shares of Class A Common Stock, a routine equity compensation event under the company’s 2013 Equity Incentive Plan.
What are the vesting terms of the RSUs reported for Veeva Systems (VEEV)?
The Restricted Stock Units were granted under Veeva’s Amended & Restated 2013 Equity Incentive Plan and vest over one year. One-quarter vests on July 1, 2026, with the remaining RSUs vesting in equal quarterly installments thereafter, contingent on continued service.
Is the Veeva Systems (VEEV) insider transaction exempt from Section 16(b)?
Yes. The Form 4 states the transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-6(b). This exemption applies to the derivative security exercise associated with the Restricted Stock Units converting into Class A Common Stock.
What does each Veeva Systems (VEEV) Restricted Stock Unit represent in this filing?
Each Restricted Stock Unit in this filing represents a contingent right to receive one share of Veeva Systems Class A Common Stock. Settlement occurs as the units vest according to the equity incentive plan’s schedule, subject to the reporting person’s continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
