Veeva Systems Officer Acquires Shares via RSU Vesting, Disposes Shares for Tax Withholding
VEEVA SYSTEMS INC
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Filing Summary
Veeva Systems Inc ($VEEV) Form 4 Alert Insider: Thomas D. Schwenger (Pres. & Chief Customer Officer) Transaction: Net share settlement for taxes (Code: F) Shares Withheld: 1,272 @ $281.93 (~$358.6K) Shares Acquired: 2,907 RSUs converted (Code: M) Post-Transaction Direct Holdings: 20,084 shares Significance: Low (Routine RSU vesting & tax obligation)
Comprehensive Analysis
Executive Summary
On October 1, 2026, Thomas D. Schwenger, President & Chief Customer Officer of Veeva Systems Inc ($VEEV), acquired 2,907 shares of Class A Common Stock via the conversion of vesting Restricted Stock Units (RSUs). Concurrently, 1,272 shares were withheld by the issuer at $281.93 per share ($358,614.96 total value) to satisfy applicable tax withholding obligations. Following these routine transactions, Schwenger directly holds 20,084 shares of Class A Common Stock.
Transaction Details
- RSU Exercise/Conversion (Code M): Acquired 2,907 shares of Class A Common Stock at $0 per share.
- Tax Withholding (Code F): Disposed of 1,272 shares of Class A Common Stock at $281.93 per share to satisfy tax liabilities.
- Net Share Increase: +1,635 shares directly owned.
- Remaining RSUs: 5,814 units scheduled to continue vesting quarterly through the 1-year award cycle.
Trading Significance
This filing carries Low trading significance as it represents standard equity compensation vesting and mandatory tax-withholding disposition rather than discretionary open-market buying or selling.
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