Harris Parker 4
4 · Salesforce, Inc. · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
Salesforce (CRM) Director Harris Parker Exercises RSUs, Sells Shares for Taxes
What Happened
Harris Parker, co‑founder and CTO of Slack and a Salesforce director, had restricted stock units vest and convert into 1,785 shares (no cash exercise). To satisfy tax withholding on the award and a performance RSU award, a total of 14,667 shares were withheld/surrendered (886 and 13,781 shares) at $189.80 per share, producing aggregate withholding proceeds of about $2.78 million. The transactions were reported on a Form 4 filed 2026‑04‑23 for activity on 2026‑04‑22.
Key Details
- Transaction date: 2026-04-22; Form 4 filed 2026-04-23 (timely filing).
- Conversions/vesting: 1,785 RSUs converted to common stock at $0.00 (one‑for‑one conversion). (Code M)
- Tax withholding/surrendered shares: 886 shares for $168,163 and 13,781 shares for $2,615,634 (each at $189.80). (Code F)
- Total shares withheld/sold for taxes: 14,667; total value ≈ $2,783,797.
- Shares owned after the transactions: not specified in the filing.
- Footnotes: withholding was to satisfy tax liabilities on vested RSUs (F1, F2); RSUs convert one‑for‑one and vest per the grant schedule (F5, F6). Some reported holdings are held in a family trust or an LLC managed by the reporting person and spouse (F3, F4).
Context
These entries reflect routine settlement of vested restricted stock units and share withholding to cover tax liabilities (a common, non‑market‑timing transaction), not an open‑market sale for investment reasons. The filing shows conversion/settlement of RSUs and withholding of shares rather than a discretionary sale by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-22+1,785→ 175,776 total - Tax Payment
Common Stock
[F1]2026-04-22$189.80/sh−886$168,163→ 174,890 total - Tax Payment
Common Stock
[F2]2026-04-22$189.80/sh−13,781$2,615,634→ 161,109 total - Exercise/Conversion
Restricted Stock Units
[F5][F6]2026-04-22−1,785→ 7,142 totalExercise: $0.00From: 2024-04-22Exp: 2027-04-22→ Common Stock (1,785 underlying)
- 930,987(indirect: By Trust)
Common Stock
[F3] - 115,840(indirect: By LLC)
Common Stock
[F4] - 171,323(indirect: By LLC)
Common Stock
[F4] - 115,840(indirect: By LLC)
Common Stock
[F4] - 171,324(indirect: By LLC)
Common Stock
[F4] - 115,840(indirect: By LLC)
Common Stock
[F4] - 171,324(indirect: By LLC)
Common Stock
[F4]
Footnotes (6)
- [F1]Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.
- [F2]Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of shares earned pursuant to a performance-based restricted stock unit award.
- [F3]Shares held in The G. Parker Harris III & Holly L. Johnson Family Trust.
- [F4]The reported securities are held by an LLC that is managed by the reporting person and his spouse.
- [F5]Restricted Stock Units convert to shares of common stock on a one-for-one basis.
- [F6]These restricted stock units vest as to 25% of the original grant on April 22, 2024 and vest as to 1/16 of the original grant quarterly thereafter.