Van Wagener Brian 4
4 · VEEVA SYSTEMS INC · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Veeva CFO Brian Van Wagener Receives RSU Award
What Happened
Brian Van Wagener, Chief Financial Officer of Veeva Systems (VEEV), was granted two restricted stock unit (RSU) awards on April 7, 2026. The Form 4 lists these as derivative awards with 0 shares and $0 value on the face of the filing; footnotes clarify that each RSU is a contingent right to receive one share of Class A common stock upon vesting. One RSU award vests over a 1‑year schedule (1/4 vests July 1, 2026, then quarterly thereafter, subject to continued service). The other award vests 100% on April 1, 2030, also subject to continued service. The grant is reported as exempt from Section 16(b) under Rule 16b‑6(b).
Key Details
- Transaction date: April 7, 2026; Form 4 filed April 9, 2026 (filed promptly).
- Transaction type/code: A = Award/Grant of derivative securities (RSUs).
- Reported amounts: Form shows 0 shares acquired at $0.00; footnote confirms RSUs are contingent rights to shares (see F1).
- Vesting: F3 — 1‑year schedule: 1/4 on July 1, 2026, then quarterly; F4 — 100% vest on April 1, 2030.
- Exemption: Transaction exempt under Rule 16b‑6(b) (F2).
- Shares owned after transaction: not specified in this filing.
Context
RSUs are compensation awards that convert into shares only if vesting conditions (here, continued service and timing) are met; they do not represent an immediate cash purchase or sale of stock. Such grants are common executive compensation and should not be interpreted alone as a buy/sell signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-04-07+0→ 6,541 total→ Class A Common Stock (6,541 underlying) - Award
Restricted Stock Units
[F1][F2][F4]2026-04-07+0→ 11,628 total→ Class A Common Stock (11,628 underlying)
Footnotes (4)
- [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 "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.
- [F4]The RSUs were granted under the Plan. The Reporting Person vests 100% ownership in the RSUs on April 1, 2030, subject to continued service to the Issuer by the Reporting Person.