Chang Amy 4
Research Summary
AI-generated summary
Salesforce (CRM) Director Amy Chang Converts 442 RSUs to Shares
What Happened
Amy Chang, a director of Salesforce, had 442 restricted stock units (RSUs) convert into 442 shares of Salesforce common stock on February 22, 2026. The Form 4 reports an acquisition of 442 shares at $0.00 (conversion) and a simultaneous disposition of 442 derivative units also at $0.00. No cash amount is reported for either entry, indicating a conversion/settlement event rather than an open-market purchase or sale.
Key Details
- Transaction date: February 22, 2026; Form 4 filed February 23, 2026.
- Reported price: $0.00 for both the acquisition (conversion) and the derivative disposition.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: F1 — RSUs convert to common shares one-for-one. F2 — RSUs vest 25% on Feb 22, May 22, Aug 22, and Nov 22, 2026.
- Timeliness: Filing was submitted the next day (not indicated as late in the provided data).
Context
This filing reflects a routine equity award vesting/conversion event (RSUs converting to common stock). The simultaneous acquisition and derivative disposition entries are reporting mechanics commonly seen with RSU conversions and related settlement or withholding actions; the filing shows no cash proceeds or open-market sale associated with these entries.