Washington Robin L 4

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.