Veeva director exercises 262 RSUs into shares
Veeva Systems director Mary Lynne Hedley exercised restricted stock units into common shares.
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Form Type
4
Rhea-AI Filing Summary
Veeva Systems director Mary Lynne Hedley exercised restricted stock units into common shares. On June 1, 2026, she converted 262 Restricted Stock Units into 262 shares of Class A Common Stock at a stated price of $0.00 per share, a non-market, compensation-related event exempt from Section 16(b) under Rule 16b-6(b).
Following this transaction, she directly holds 7,152 shares of Class A Common Stock. The RSUs originated from a 1,049-unit grant on June 18, 2025 under Veeva’s Amended & Restated 2013 Equity Incentive Plan, vesting over time based on continued board service.
Insider Trade Summary
262 shares exercised/converted
Exercise
2 txns
Insider
Hedley Mary Lynne
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 262 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 262 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 7,152 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. On June 18, 2025, the Reporting Person was granted 1,049 RSUs under the Issuer's Amended & 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 Exercised: 262 units
Shares Acquired: 262 shares
Holding After Transaction: 7,152 shares
+3 more
6 metrics
RSUs Exercised
262 units
Restricted Stock Units converted on June 1, 2026
Shares Acquired
262 shares
Class A Common Stock received from RSU conversion
Holding After Transaction
7,152 shares
Director’s direct Class A Common Stock position post-transaction
RSU Grant Size
1,049 RSUs
Grant on June 18, 2025 under 2013 Equity Incentive Plan
Exercise Price
$0.00 per share
Stated price for RSU conversion into Class A Common Stock
Initial Vesting Date
September 1, 2025
First vesting date for the 1,049-unit RSU grant
Key Terms
Restricted Stock Unit, Rule 16b-6(b), Section 16(b), Equity Incentive Plan
4 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.
Rule 16b-6(b) regulatory
"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 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.
Equity Incentive Plan financial
"granted 1,049 RSUs 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 INC (VEEV) report for Mary Lynne Hedley?
Veeva Systems reported that director Mary Lynne Hedley exercised 262 Restricted Stock Units into 262 shares of Class A Common Stock. This was a compensation-related equity conversion, not an open-market stock purchase or sale.
Was the June 1, 2026 VEEVA SYSTEMS INC (VEEV) insider transaction an open-market trade?
No. The June 1, 2026 transaction was an exercise of Restricted Stock Units into common shares at a stated price of $0.00 per share. It was a non-market, compensation-related equity conversion rather than a market purchase or sale.
What RSU grant underlies Mary Lynne Hedley’s VEEVA SYSTEMS INC (VEEV) Form 4 transaction?
The RSUs come from a grant of 1,049 Restricted Stock Units awarded on June 18, 2025 under Veeva’s Amended & Restated 2013 Equity Incentive Plan, vesting quarterly after an initial vest on September 1, 2025, subject to continued board service.
Is Mary Lynne Hedley’s VEEVA SYSTEMS INC (VEEV) RSU exercise exempt from Section 16(b)?
Yes. The filing notes the RSU conversion is exempt from Section 16(b) of the Securities Exchange Act under Rule 16b-6(b). This rule treats such derivative exercises differently from short-swing profit transactions by insiders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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