Veeva Systems CFO Brian Van Wagener Reports Routine RSU Vesting and Tax Withholding
VEEVA SYSTEMS INC
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Filing Summary
Veeva Systems Inc. ($VEEV) - Form 4 Filing Insider: Brian Van Wagener (Chief Financial Officer) Transaction Date: 2026-10-01 Type: Tax Withholding (Net Settlement of RSUs) Shares Withheld: 705 @ $281.93 Total Value: $198,760.65 Shares Owned Following: 10,256 Significance: Low (Non-discretionary equity vesting and tax withholding)
Comprehensive Analysis
Transaction Summary
On October 1, 2026, Veeva Systems Inc. (NYSE: VEEV) Chief Financial Officer Brian Van Wagener engaged in routine equity compensation transactions involving the vesting and settlement of Restricted Stock Units (RSUs):
- RSU Conversion (Code M): 1,636 RSUs were converted into 1,636 shares of Class A Common Stock at $0 per share upon quarterly vesting.
- Tax Withholding (Code F): 705 shares of Class A Common Stock were automatically withheld by the company at a price of $281.93 per share to satisfy statutory tax withholding obligations arising from the RSU settlement, amounting to a total value of approximately $198,760.65.
Following these transactions, Van Wagener directly holds 10,256 shares of Class A Common Stock, alongside 3,270 remaining RSUs under the vesting schedule.
Filing Remarks
The filing also noted a clerical correction to a prior Form 4 filed on April 9, 2026, correcting the stated vesting date for 11,628 RSUs granted on April 7, 2026, from April 1, 2030, to April 1, 2031.
Market & Trading Significance
The transactions reflect standard quarterly vesting under the company's equity incentive plan and net share settlement for tax obligations. There were no discretionary open-market purchases or sales, indicating a low trading significance for market participants.
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