Salesforce (CRM) Director Harris Parker Receives RSU Shares, Withholds Taxes

What Happened
Harris Parker, a co‑founder and director of Salesforce (CRM), had restricted stock units (RSUs) vest and convert to common shares on 2026-09-22. The filing reports conversion of 2,541 RSUs into common stock (reported as derivative exercise/conversion at $0.00 per share) and the withholding of 1,261 shares to satisfy tax liabilities at $233.28 per share, totaling $294,166. Net shares issued to Parker after withholding were 1,280.

Key Details

• Transaction date: 2026-09-22; Form 4 filed 2026-09-23 (timely).
• Conversion (code M): 1,269 and 1,272 RSUs converted to shares (total 2,541) at $0.00 acquisition price.
• Tax withholding (code F): 630 and 631 shares withheld at $233.28 each (total withheld value $146,966 + $147,200 = $294,166).
• Net new shares received by Parker: 2,541 converted − 1,261 withheld = 1,280 shares.
• Footnotes: F1 indicates shares withheld to satisfy tax liability; F4 confirms RSUs convert 1:1 to common stock; F2/F3 note some reported securities are held in a family trust and an LLC managed by the reporting person and spouse; F5/F6 describe vesting schedules for the underlying RSU grants.
• Shares owned after the transaction are not specified in the summary data provided.

Context
This was an RSU vesting and settlement (derivative conversion), not an open‑market buy or sale. The withholding of shares to cover tax obligations is a routine, administrative disposition and does not necessarily indicate a change in the insider’s market view. The filing shows conversion of restricted stock units to shares with a net settlement (some shares issued to the insider and some withheld for taxes).