WEBB MAYNARD G JR 4
Research Summary
AI-generated summary
Salesforce (CRM) Director Maynard G. Webb Converts 442 RSUs
What Happened
Maynard G. Webb Jr., a director of Salesforce, had 442 restricted stock units (RSUs) convert into 442 shares on May 22, 2026. The Form 4 reports an acquisition of 442 shares at $0.00 (conversion) and a simultaneous disposition of 442 shares at $0.00. Because the reported price is $0.00, no cash value is shown on the transaction lines; this appears to be a vesting/conversion event rather than an open‑market purchase.
Key Details
- Transaction date: May 22, 2026. Form filed: May 26, 2026 (timely).
- Reported transactions: Exercise/conversion of derivative (Code M) — 442 shares acquired @ $0.00; 442 shares disposed @ $0.00.
- Shares owned after the transaction: Not specified in the filing.
- Footnotes: F1 — RSUs convert one-for-one to common stock. F2 — These RSUs vest 25% on each of Feb 22, May 22, Aug 22, and Nov 22, 2026.
- Filing timeliness: Filed within the required window (not late).
Context
This filing reflects an RSU vest/ conversion event rather than a purchase or market sale intended as an investment signal. The simultaneous conversion and disposition is commonly how companies report net settlement or tax-withholding related transfers under equity plans (the filing itself does not state the exact reason for the disposition). For retail investors, purchases by insiders can be more informative; routine RSU vesting is typically compensation-related.