Veeva Systems (VEEV) director Cabral awarded 1,906 RSUs and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cabral Timothy S reported acquisition or exercise transactions in this Form 4 filing.
Veeva Systems director Timothy S. Cabral reported updated holdings, including a new grant of 1,906 Restricted Stock Units (RSUs), each representing one share of Class A common stock. These RSUs were granted at no cash cost under the company’s Amended & Restated 2013 Equity Incentive Plan.
Cabral now holds 1,906 RSUs directly, which vest over one year with 1/4 vesting on September 1, 2026 and 1/4 vesting quarterly thereafter, subject to continued service. He also reports 5,500 shares held indirectly through the Cabral Family Trust and 1,049 shares held directly of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Cabral Timothy S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,906 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,906 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)
- 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. 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: 1,906 RSUs
RSU conversion ratio: 1 RSU = 1 share
Indirect common shares: 5,500 shares
+2 more
5 metrics
RSU grant size
1,906 RSUs
Grant of Restricted Stock Units on June 17, 2026
RSU conversion ratio
1 RSU = 1 share
Each RSU represents one Class A common share
Indirect common shares
5,500 shares
Class A common stock held by Cabral Family Trust after transactions
Direct common shares
1,049 shares
Class A common stock held directly after transactions
RSUs outstanding
1,906 RSUs
Total RSUs directly held following the grant
Key Terms
Restricted Stock Unit, Amended & Restated 2013 Equity Incentive Plan, voting and dispositive power, beneficiary
4 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."
voting and dispositive power financial
"may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust."
beneficiary financial
"The Reporting Person is a trustee and beneficiary of the Trust"
FAQ
What did Timothy S. Cabral report in this VEEV Form 4 filing?
Timothy S. Cabral reported a new grant of 1,906 Restricted Stock Units and updated his holdings of Veeva Systems Class A common stock, including shares held directly and indirectly through the Cabral Family Trust.
How many Restricted Stock Units did Timothy S. Cabral receive from Veeva Systems (VEEV)?
He received 1,906 Restricted Stock Units, each convertible into one share of Veeva Systems Class A common stock. The RSUs were granted under the Amended & Restated 2013 Equity Incentive Plan at no cash exercise price.
What is the vesting schedule for Cabral’s 1,906 Veeva Systems RSUs?
The 1,906 RSUs vest over one year, with one-quarter vesting on September 1, 2026 and the remaining quarters vesting on a quarterly basis thereafter, contingent on Cabral’s continued service to Veeva Systems.
Under which plan were Cabral’s new Veeva Systems RSUs granted?
The 1,906 RSUs were granted under Veeva Systems’ Amended & Restated 2013 Equity Incentive Plan. This plan provides equity-based compensation, and Cabral’s RSUs vest over time subject to his continued service with the company.