Veeva Systems (NYSE: VEEV) director awarded 2,164 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ritter Gordon reported acquisition or exercise transactions in this Form 4 filing.
Veeva Systems director Gordon Ritter reported a grant of 2,164 Restricted Stock Units (RSUs) tied to Class A Common Stock. The RSUs were granted under Veeva’s Amended & Restated 2013 Equity Incentive Plan as compensation.
Each RSU represents a contingent right to receive one share of Class A Common Stock. The award vests over roughly one year, with 1/4 of the RSUs vesting on September 1, 2026, and the remaining 3/4 vesting quarterly thereafter, subject to Ritter’s continued service.
Ritter also reports indirect holdings in Veeva shares through Emergence Capital Partners II, L.P., GABACOR Holdings LLC, and the Ritter-Metzler Revocable Trust dated November 6, 2000, as well as 595 shares held directly. He disclaims beneficial ownership of shares held by these entities except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Ritter Gordon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,164 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,164 shares (Direct, null);
Class A Common Stock — 595 shares (Direct, null);
Class A Common Stock — 575,576 shares (Indirect, By the Ritter-Metzler Revocable Trust dated November 6, 2000)
Footnotes (1)
- Shares held by The Ritter-Metzler Revocable Trust dated November 6, 2000 (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. The Reporting Person disclaims beneficial ownership of the reported shares held by the Trust, except to the extent, if any, of his pecuniary interest therein. Shares held by GABACOR Holdings LLC ("GABACOR"). The Reporting Person is a controlling person of GABACOR and may be deemed to share voting and dispositive power with regard to the reported shares held by GABACOR. The Reporting Person disclaims beneficial ownership of the reported shares held by GABACOR, except to the extent, if any, of his pecuniary interest therein. The sole general partner of Emergence Capital Partners II, L.P. ("Emergence") is Emergence Equity Partners II, L.P. ("EEP II"), and the sole general partner of EEP II is Emergence GP Partners, LLC ("EGP", and together with Emergence and EEP II, the "Emergence Entities"), and each of EEP II and EGP may be deemed to have sole voting and dispositive power with respect to the shares held by Emergence, and EGP may be deemed to have sole voting and dispositive power with respect to the shares held by EEP II. The Reporting Person is a partner of EEP II and a member of EGP and serves on the Issuer's board of directors. The Reporting Person disclaims beneficial ownership of the reported shares held by the Emergence Entities except to the extent of his pecuniary interest therein, if any, by virtue of the limited liability company interest he owns in EGP and the partnership interest he owns in EEP II. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over one year with 1/4 of the RSUs vesting on September 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
RSU grant size: 2,164 units
Shares underlying RSUs: 2,164 shares
Trust-held shares: 575,576 shares
+3 more
6 metrics
RSU grant size
2,164 units
Restricted Stock Units granted to Gordon Ritter
Shares underlying RSUs
2,164 shares
Each RSU equals one share of Class A Common Stock
Trust-held shares
575,576 shares
Held by the Ritter-Metzler Revocable Trust, indirect
Emergence Capital holdings
500,000 shares
Held by Emergence Capital Partners II, L.P., indirect
GABACOR holdings
92,000 shares
Held by GABACOR Holdings LLC, indirect
Direct share holdings
595 shares
Class A Common Stock held directly by Gordon Ritter
Key Terms
Restricted Stock Unit, Amended & Restated 2013 Equity Incentive Plan, pecuniary interest, disclaims beneficial ownership, +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.
Amended & Restated 2013 Equity Incentive Plan financial
"The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan."
pecuniary interest financial
"disclaims beneficial ownership of the reported shares held by the Trust, except to the extent, if any, of his pecuniary interest therein."
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the reported shares held by GABACOR"
voting and dispositive power financial
"may be deemed to share voting and dispositive power with regard to the reported shares"
FAQ
What did VEEVA SYSTEMS INC director Gordon Ritter receive in this Form 4?
Gordon Ritter received a grant of 2,164 Restricted Stock Units (RSUs) linked to Veeva Systems Class A Common Stock. This is a compensation-related equity award under the company’s Amended & Restated 2013 Equity Incentive Plan, not an open-market stock purchase or sale.
How do Gordon Ritter’s new RSUs in VEEV vest over time?
The 2,164 RSUs vest over about one year, with 1/4 vesting on September 1, 2026. The remaining RSUs vest on a quarterly basis thereafter, provided Ritter continues to serve Veeva Systems as specified in the award’s terms.
What does each RSU reported by Gordon Ritter in VEEV represent?
Each Restricted Stock Unit reported by Gordon Ritter represents a contingent right to receive one share of Veeva Systems Class A Common Stock. Actual shares are delivered only upon vesting, assuming continued service and satisfaction of the applicable conditions.
Are the RSUs granted to Gordon Ritter in VEEV considered a market transaction?
No. The 2,164 RSUs granted to Gordon Ritter are a compensation-related equity award, coded as a grant or award acquisition. They do not represent an open-market purchase or sale of Veeva Systems stock by the director.