Veeva (NYSE: VEEV) director receives Class A shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veeva Systems director Timothy S. Cabral reported routine equity activity tied to previously granted Restricted Stock Units (RSUs). On June 1, 2026, 262 RSUs converted into 262 shares of Class A Common Stock at a stated price of $0.00 per share, exempt from Section 16(b) under Rule 16b-6(b).
After these transactions, Cabral holds 1,049 Class A shares directly and 5,500 Class A shares indirectly through the Cabral Family Trust, where he shares voting and dispositive power. No open‑market buys or sells were reported in this filing.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting adds shares, with no open-market trading.
The filing shows Timothy S. Cabral acquiring 262 Class A shares via the conversion of Restricted Stock Units. This is standard equity compensation, recorded at a conversion price of $0.00 per share and classified as exempt under Rule 16b-6(b).
Following this vesting, Cabral directly owns 1,049 Class A shares and indirectly holds 5,500 shares through the Cabral Family Trust, where he shares voting and dispositive power. No sales, tax-withholding dispositions, or new derivative awards are disclosed, and derivative positions from this grant are now fully settled.
Insider Trade Summary
262 shares exercised/converted
Mixed
3 txns
Insider
Cabral Timothy S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 262 | $0.00 | -- |
| Exercise | Class A Common Stock | 262 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 1,049 shares (Direct, null);
Class A Common Stock — 5,500 shares (Indirect, By the Cabral Family Trust, dated April 17, 2001)
Footnotes (1)
- 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. Shares held by the Cabral Family Trust (the "Trust"). The Reporting Person is a trustee and beneficiary of the Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. On June 18, 2025, the Reporting Person was granted 1,049 RSUs, under the Issuer's Amended and Restated 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2025, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued service on the Issuer's board of directors on the applicable vesting date.
Key Figures
RSUs converted: 262 shares
Direct Class A holdings: 1,049 shares
Indirect trust holdings: 5,500 shares
+1 more
4 metrics
RSUs converted
262 shares
Restricted Stock Units converting to Class A Common Stock on June 1, 2026
Direct Class A holdings
1,049 shares
Class A Common Stock directly owned after transactions
Indirect trust holdings
5,500 shares
Class A Common Stock held by the Cabral Family Trust
Original RSU grant
1,049 RSUs
Granted on June 18, 2025 under 2013 Equity Incentive Plan
Key Terms
Restricted Stock Unit, Rule 16b-6(b), Section 16(b), Cabral Family Trust, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
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.
Rule 16b-6(b) regulatory
"Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-6(b)"
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.
Cabral Family Trust financial
"Shares held by the Cabral Family Trust (the "Trust"). The Reporting Person is a trustee"
Equity Incentive Plan financial
"granted 1,049 RSUs, under the Issuer's Amended and 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.
FAQ
What insider equity activity did VEEVA SYSTEMS INC (VEEV) report for Timothy Cabral?
The filing shows Timothy S. Cabral acquiring 262 Class A shares through the conversion of Restricted Stock Units at $0.00 per share. This reflects routine equity compensation vesting, not an open-market purchase or sale of Veeva Systems stock.
What do the Restricted Stock Units mean in VEEVA (VEEV) director Cabral’s filing?
Each Restricted Stock Unit represents a contingent right to receive one Class A share of Veeva Systems. In this filing, 262 RSUs vested and converted into 262 shares, reflecting previously granted equity compensation rather than any new open-market stock transaction.
When were Timothy Cabral’s VEEVA (VEEV) RSUs originally granted and how do they vest?
Cabral was granted 1,049 RSUs on June 18, 2025, under Veeva’s Amended and Restated 2013 Equity Incentive Plan. One quarter vested on September 1, 2025, with the remainder vesting in equal quarterly installments, contingent on continued service on the board.
Does the VEEVA (VEEV) Form 4 show any stock sales by Timothy Cabral?
The Form 4 does not report any open-market stock sales or purchases by Timothy S. Cabral. It only records RSU conversion into 262 Class A shares and updates his direct and indirect share balances, indicating routine compensation-related activity rather than trading.