Veeva Systems (NYSE: VEEV) officer nets shares after RSU vesting and tax withholding
Rhea-AI Filing Summary
Veeva Systems Inc. executive Thomas D. Schwenger reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On July 1, 2026, 2,907 RSUs converted into an equal number of Class A common shares, reflecting a derivative exercise rather than an open-market purchase.
On the same date, 1,117 of those shares, valued at $184.22 per share, were withheld by Veeva to satisfy tax obligations, which the filing notes is not a market transaction. The RSUs were granted under Veeva’s Amended & Restated 2013 Equity Incentive Plan and vest over one year, with one-quarter vesting on July 1, 2026 and additional portions vesting quarterly thereafter, subject to Schwenger’s continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,790 shares
Net Buy
3 txns
Insider
Schwenger Thomas D.
Role
Pres. & Chief Customer Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,907 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,907 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,117 | $184.22 | $206K |
Holdings After Transaction:
Restricted Stock Units — 8,721 shares (Direct);
Class A Common Stock — 25,449 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 "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 converted: 2,907 shares
Shares withheld for tax: 1,117 shares
Withholding share price: $184.22 per share
+2 more
5 metrics
RSUs converted
2,907 shares
Restricted Stock Units converting into Class A Common Stock on July 1, 2026
Shares withheld for tax
1,117 shares
Shares withheld by issuer to satisfy tax obligations on July 1, 2026
Withholding share price
$184.22 per share
Value used for 1,117 tax-withheld Class A shares
Derivative exercise transactions
1 transaction, 2,907 shares
Exercise or conversion of derivative security reflected in Form 4
Tax-withholding transactions
1 transaction, 1,117 shares
Payment of tax liability by delivering securities
Key Terms
Restricted Stock Unit, Section 16(b), Rule 16b-3(e), Equity Incentive Plan, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer."
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.
Section 16(b) regulatory
"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b)..."
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
"Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act."
Equity Incentive Plan financial
"The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan (the "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.
net settlement financial
"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..."
FAQ
What insider transactions did Veeva Systems (VEEV) report for Thomas D. Schwenger?
Thomas D. Schwenger reported RSU vesting and related tax withholding. On July 1, 2026, 2,907 restricted stock units converted into Class A common shares, and 1,117 of those shares were withheld by Veeva Systems to cover tax obligations, not through an open-market sale.
Were the recent Veeva Systems (VEEV) insider transactions open-market buys or sells?
The reported transactions were not open-market buys or sells. Schwenger’s Form 4 shows a derivative exercise of 2,907 RSUs and a tax-withholding disposition of 1,117 shares, which the filing describes as shares withheld to satisfy tax obligations rather than a market transaction.
What RSU vesting did Veeva Systems (VEEV) report for Thomas D. Schwenger?
Veeva reported the conversion of 2,907 RSUs into common shares. Each restricted stock unit represents a right to receive one Class A share. These RSUs vested and were settled into shares on July 1, 2026 as part of Schwenger’s equity compensation.
Under which equity plan were the Veeva Systems (VEEV) RSUs granted to Schwenger?
The RSUs were granted under Veeva’s Amended & Restated 2013 Equity Incentive Plan. According to the footnotes, ownership in these RSUs vests over one year, with one-quarter vesting July 1, 2026 and the remainder vesting quarterly, subject to continued service.
How do the Veeva Systems (VEEV) RSUs for Schwenger vest over time?
The RSUs vest over a one-year schedule tied to service. One-quarter of the restricted stock units vest on July 1, 2026, and one-quarter vests on a quarterly basis thereafter, as long as Thomas D. Schwenger continues to provide service to Veeva Systems.
AI-generated analysis. How Rhea-AI works. Not financial advice.
