Faddis Jonathan 4
4 · VEEVA SYSTEMS INC · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Veeva Systems (VEEV) SVP Jonathan Faddis Receives Award
What Happened
Jonathan Faddis, SVP, General Counsel and Secretary of Veeva Systems, was granted restricted stock units (RSUs) on April 7, 2026. The Form 4 reports the transaction as a derivative award (code A) at $0.00. Each RSU is a contingent right to one share of Class A common stock and will convert to shares only upon vesting.
Key Details
- Transaction date: 2026-04-07; reported on Form 4 filed 2026-04-09 (timely within the two-business-day window).
- Transaction type/code: Grant/Award (A); reported amount shown as 0 @ $0.00 (derivative RSUs).
- Vesting: RSUs vest over 1 year — 1/4 vests on July 1, 2026, then 1/4 each quarter thereafter, subject to continued service (per filing footnote).
- Exemption: Transaction exempt from Section 16(b) under Rule 16b-6(b) (standard for certain employee-plan awards).
- Shares owned after transaction: not specified in this filing.
Context
An RSU grant is compensation, not an open-market purchase or sale. RSUs represent a future right to receive shares if vesting conditions are met; they do not indicate an immediate buy/sell market signal. This filing documents the award and its vesting schedule rather than a change in current share ownership or a cash transaction.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-04-07+0→ 6,541 total→ Class A Common Stock (6,541 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- [F2]Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
- [F3]The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over 1-year with 1/4 of the RSUs vesting on July 1, 2026, and 1/4 of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.