MOHR MARSHALL 4
Research Summary
AI-generated summary
Veeva (VEEV) Director Marshall Mohr Converts 289 RSUs to Shares
What Happened
- Marshall Mohr, a director of Veeva Systems (VEEV), had 289 derivative units converted into 289 shares on June 1, 2026. The filing records an acquisition of 289 shares and a corresponding disposition of 289 shares, each at $0.00, resulting in no cash exchange reported. The transaction is an RSU conversion/settlement under the company’s equity plan rather than an open-market buy or sale.
Key Details
- Transaction date: June 1, 2026; Filing date: June 3, 2026 (timely).
- Reported transaction code: M (exercise or conversion of a derivative).
- Shares involved: 289 acquired and 289 disposed; reported price $0.00; total reported cash value $0.
- Footnotes: F1 — transaction exempt from Section 16(b) under Rule 16b-6(b); F2 — each RSU equals a contingent right to one share; F3 — these RSUs were part of a 1,155-RSU grant on June 18, 2025 with quarterly vesting (289 ≈ one quarterly tranche).
- Shares owned after the transaction: Not disclosed in this Form 4.
Context
- This filing reflects a routine RSU conversion/settlement tied to prior RSU awards and scheduled vesting rather than a market purchase or sale intended as an investment signal. Because the filing is marked exempt under Rule 16b-6(b) and shows $0.00 consideration, it indicates internal settlement of awarded units per the equity plan, not an open-market trade.