Salesforce (CRM) Robin L. Washington Receives Shares via RSU Vesting

What Happened

• Robin L. Washington, President and COFO and a company director, had restricted stock units (RSUs) convert into 1,831 shares of Salesforce common stock on September 22, 2026.
• Of those shares, 908 were withheld to satisfy tax withholding at $233.28 per share, totaling $211,818. After withholding, Washington effectively received 923 net shares. The conversions are recorded as derivative exercises (code M) and the withholding is reported under tax withholding (code F).

Key Details

• Transaction date: 2026-09-22; Filing date: 2026-09-23 (timely).
• RSU conversion: 1,831 shares recorded as exercised/converted (M) at $0.00 per share.
• Tax withholding: 908 shares withheld (F) at $233.28/share = $211,818.
• Net shares delivered to insider (inferred): 923 shares retained after withholding.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 = shares withheld to satisfy tax liability on vesting; F2 = RSUs convert 1-for-1 into common stock; F3 = vesting schedule: 25% on March 22, 2026, then 1/16 of the original grant quarterly thereafter.
• No 10b5-1 plan or other sale program is indicated in the provided data.

Context

• This is a routine RSU vest/settlement with shares withheld for taxes (a cashless-withholding method), not an open-market sale or purchase. Such withholding is common and does not necessarily signal the insider’s market view.
• Transaction code M here reflects conversion/settlement of RSUs rather than an out-of-pocket option purchase; code F denotes tax withholding.