Harris Parker 4
Research Summary
AI-generated summary
Salesforce (CRM) Director Harris Parker Receives RSU Shares
What Happened
- Harris Parker, Co‑Founder and CTO of Slack and a Salesforce director, reported the vesting/settlement of restricted stock units (RSUs) on July 22, 2026. The filing shows 1,786 RSUs converted to common shares (reported as a derivative conversion). To satisfy tax withholding, 886 of those shares were withheld/disposed at $163.00 each for a tax payment of $144,418. Net shares retained from this vesting event: 900 shares. The RSU conversion is recorded with an exercise/conversion price of $0.
Key Details
- Transaction date: July 22, 2026; Form 4 filed July 23, 2026 (timely).
- Conversion: 1,786 RSUs → 1,786 shares (conversion/exercise code M, $0 exercise price).
- Tax withholding: 886 shares disposed at $163.00 each, totaling $144,418 (code F).
- Net shares added from this vesting: 900 shares (1,786 − 886).
- Shares owned after transaction: Not specified in the provided filing.
- Relevant footnotes from the filing: F1 (shares withheld to satisfy tax liability on RSU settlement), F4 (RSUs convert 1:1 to common stock), F5 (original vesting schedule: 25% on 4/22/2024, then 1/16 quarterly), plus holdings noted in a family trust (F2) and an LLC managed by the reporting person and spouse (F3).
Context
- This was an RSU vesting and tax‑withholding event — a routine, non‑open market transaction where shares are withheld to cover taxes (a common cashless settlement). It is not a sale signaling immediate cashing out of all vested shares. The filing does not indicate any 10%‑owner transactions or an open‑market sale tied to a trading plan.