Veeva Systems (VEEV) SVP Jonathan Faddis granted 6,541 RSUs under equity plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veeva Systems senior vice president, general counsel and secretary Jonathan Faddis received a grant of 6,541 Restricted Stock Units that can convert into an equal number of Class A common shares. The RSUs were granted under the company’s Amended & Restated 2013 Equity Incentive Plan as part of his compensation.
The award vests over one year, with 1/4 of the RSUs vesting on July 1, 2026, and the remaining RSUs vesting in equal quarterly installments thereafter, as long as he continues serving the company. Following this grant, Faddis holds 6,541 shares/units directly related to this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Faddis Jonathan
Role
SVP, Gen. Counsel, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 0 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,541 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. 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. The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over 1-year with 1/4 of the RSUs vesting on July 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
RSUs granted: 6,541 units
Underlying shares: 6,541 shares
Shares following transaction: 6,541 shares
+1 more
4 metrics
RSUs granted
6,541 units
Restricted Stock Units awarded to Jonathan Faddis on April 7, 2026
Underlying shares
6,541 shares
Each RSU represents one share of Class A common stock
Shares following transaction
6,541 shares
Total direct holdings reported after the RSU grant
Initial vest date
July 1, 2026
1/4 of RSUs vest on this date, remaining quarterly thereafter
Key Terms
Restricted Stock Units, Section 16(b), Equity Incentive Plan, vesting
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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
"The RSUs were 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.
vesting financial
"1/4 of the RSUs vesting on July 1, 2026, and 1/4 of the RSUs vesting on a quarterly basis thereafter"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did VEEVA SYSTEMS INC (VEEV) report for Jonathan Faddis?
Veeva Systems reported that Jonathan Faddis received a grant of 6,541 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Class A common stock, awarded as equity compensation under the company’s Amended & Restated 2013 Equity Incentive Plan.
Is the Jonathan Faddis Form 4 for VEEV a stock purchase or sale?
The Form 4 for Jonathan Faddis reflects an acquisition of Restricted Stock Units as a compensation grant, not an open-market stock purchase or sale. The transaction is coded as a grant or award and is exempt from Section 16(b) short-swing profit rules.
How many Restricted Stock Units did Jonathan Faddis receive from Veeva Systems (VEEV)?
Jonathan Faddis received 6,541 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Veeva Systems Class A common stock, subject to the vesting schedule and his continued service with the company over the defined period.
What is the vesting schedule for Jonathan Faddis’s Veeva Systems RSU grant?
The RSUs vest over one year, with one quarter vesting on July 1, 2026. The remaining three quarters vest on a quarterly basis after that date, provided Jonathan Faddis continues to serve Veeva Systems during the entire vesting period.
Under which plan were Jonathan Faddis’s Veeva Systems RSUs granted?
The RSUs were granted under Veeva Systems’ Amended & Restated 2013 Equity Incentive Plan. This plan provides equity-based compensation, such as Restricted Stock Units, to executives and other participants to align their interests with long-term shareholder value.
What does each Veeva Systems RSU granted to Jonathan Faddis represent?
Each Restricted Stock Unit granted to Jonathan Faddis represents a contingent right to receive one share of Veeva Systems Class A common stock. Delivery of these shares depends on satisfying the vesting conditions tied to continued service with the company.