Veeva executive settles 2,043 RSUs into stock
Veeva Systems executive Thomas D. Schwenger, Pres. & Chief Customer Officer, settled 2,043 Restricted Stock Units (RSUs) into an equal number of Class A Common shares on April 1, 2026.
Rhea-AI Filing Summary
Veeva Systems executive Thomas D. Schwenger, Pres. & Chief Customer Officer, settled 2,043 Restricted Stock Units (RSUs) into an equal number of Class A Common shares on April 1, 2026. RSUs convert to stock at no cash cost to him.
To cover tax obligations from this vesting, 588 shares of Class A Common Stock were withheld by Veeva at $172.74 per share, a non-market, tax-withholding transaction. After these transactions, Schwenger directly holds 23,659 Class A shares of Veeva Systems.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,043 shares exercised/converted
Exercise
3 txns
Insider
Schwenger Thomas D.
Role
Pres. & Chief Customer Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,043 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,043 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 588 | $172.74 | $102K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 23,659 shares (Direct)
Footnotes (4)
- 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. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.
- F4. 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 25% vesting on July 1, 2025, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.
Key Figures
RSUs converted: 2,043 units
Shares withheld for taxes: 588 shares
Tax withholding price: $172.74/share
+3 more
6 metrics
RSUs converted
2,043 units
RSUs converted into Class A Common Stock on April 1, 2026
Shares withheld for taxes
588 shares
Class A shares withheld to satisfy tax obligations
Tax withholding price
$172.74/share
Value used for 588 withheld shares
Shares held after transactions
23,659 shares
Direct Class A Common Stock ownership after April 1, 2026
Derivative exercises
1 transaction, 2,043 shares
Exercise or conversion of derivative security (RSUs)
Tax-withholding transactions
1 transaction, 588 shares
Shares delivered for tax liability via withholding
Key Terms
Restricted Stock Unit, net settlement, tax withholding and remittance obligations, Section 16(b), +2 more
6 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.
net settlement financial
"in connection with the net settlement of vested restricted stock units"
tax withholding and remittance obligations financial
"withheld by the Issuer to satisfy tax withholding and remittance obligations"
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-3(e) regulatory
"exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated"
Equity Incentive Plan financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Veeva Systems (VEEV) report for Thomas D. Schwenger?
Veeva Systems reported that executive Thomas D. Schwenger settled 2,043 Restricted Stock Units into the same number of Class A Common shares. This RSU conversion is a compensation-related equity event rather than an open-market stock purchase or sale.
What do the RSUs in this Veeva Systems (VEEV) Form 4 represent?
Each Restricted Stock Unit represents a contingent right to receive one share of Veeva Systems Class A Common Stock. When RSUs vest, they convert into actual shares, giving the executive stock ownership without requiring an upfront cash purchase.
Under which plan were the reported Veeva Systems (VEEV) RSUs granted?
The RSUs were granted under Veeva Systems’ Amended & Restated 2013 Equity Incentive Plan. According to the disclosure, Schwenger’s RSUs vest over one year, with 25% vesting on July 1, 2025 and additional tranches vesting quarterly, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
