Washington Robin L 4

4 · Salesforce, Inc. · Filed Mar 24, 2026

AI-generated summary of this filing

Updated Mar 25, 2026

Salesforce (CRM) President Robin Washington Exercises Options, Receives Awards

What Happened

Robin L. Washington, President and COFO and a Salesforce director, exercised derivative awards and received multiple equity awards on March 22, 2026. The filing shows an exercise/conversion of 7,323 derivative shares and the grant/settlement of two equity award lots of 58,352 and 47,059 restricted/derivative units. To cover tax obligations, 2,864 shares were surrendered/withheld at $195.38 each, generating proceeds of $559,568. All awards and exercises are reported at $0 acquisition price on the Form 4 because they were derivative conversions/vestings rather than open-market purchases.

Key Details

Transaction date: March 22, 2026; Form filed March 24, 2026 (no late filing indicated).
Specific items reported:
- Exercise/conversion (M): 7,323 shares acquired (reported $0).
- Tax/payment withholding (F): 2,864 shares disposed at $195.38 → $559,568.
- Grants/awards (A): 58,352 shares and 47,059 shares (reported $0; derivative/RSU-type).
Shares owned after transaction: not specified in the provided filing summary.
Footnotes of note:
- F1: Shares were withheld to satisfy tax liability upon vesting/settlement.
- F2: RSUs convert 1-for-1 into common stock.
- F3/F5: RSU vesting schedules (25% vested on specific dates, remainder vesting quarterly).
- F4: The 7,323 option/earned performance shares were part of FY2026 performance awards, with 25% vesting now and the remainder vesting monthly over 36 months, subject to continued service.

Context

This was largely a routine vesting/exercise and tax-withholding event, not an open-market sale or purchase. The 2,864-share disposition was a withholding/surrender to cover taxes (common on RSU/option settlements), not a signal of an investment decision. The filing combines exercised/earned performance awards and scheduled RSU vesting; remaining earned/awarded shares will vest over the stated schedules if service conditions are met.

Form 4

Period: 2026-03-22

DirectorPresident and COFO

Transactions

Exercise/Conversion
Common Stock
2026-03-22+7,323→ 50,768 total
Tax Payment
Common Stock
[F1]
2026-03-22$195.38/sh−2,864$559,568→ 47,904 total
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2026-03-22−7,323→ 21,972 total
Exercise: $0.00From: 2026-03-22Exp: 2029-03-22→ Common Stock (7,323 underlying)
Award
Performance Stock Option
[F4]
2026-03-22+58,352→ 58,352 total
Exercise: $280.62From: 2026-03-22Exp: 2032-03-22→ Common Stock (58,352 underlying)
Award
Restricted Stock Units
[F2][F5]
2026-03-22+47,059→ 47,059 total
Exercise: $0.00From: 2027-03-22Exp: 2030-03-22→ Common Stock (47,059 underlying)

Footnotes (5)

[F1]Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.
[F2]Restricted Stock Units convert to shares of common stock on a one-for-one basis.
[F3]These restricted stock units vest as to 25% of the original grant on March 22, 2026 and vest as to 1/16 of the original grant quarterly thereafter.
[F4]This represents the number of shares subject to fiscal year 2026 performance option that were earned based upon the achievement of applicable performance criteria with a performance period that ended on January 31, 2026. 25% of the earned option shares will become vested on March 22, 2026, with the remaining option shares becoming vested in equal monthly installments over the following 36 months, subject to the holder's continued service through each such date.
[F5]These restricted stock units vest as to 25% of the original grant on March 22, 2027 and vest as to 1/16 of the original grant quarterly thereafter.

Signature

/s/ Sarah Dale, Attorney-in-Fact for Robin Washington|2026-03-24

2 files