Cabral Timothy S 4
4 · VEEVA SYSTEMS INC · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Veeva (VEEV) Director Timothy Cabral Receives RSU Award
What Happened Timothy S. Cabral, a director of Veeva Systems Inc. (VEEV), was granted 1,906 restricted stock units (RSUs) on 2026-06-17. The transaction is reported as an award/acquisition (derivative) at $0.00 per share (standard for RSU grants, which are contingent rights to receive shares). The grant was made under Veeva's Amended & Restated 2013 Equity Incentive Plan.
Key Details
- Transaction date: 2026-06-17; Filing date: 2026-06-22 (filed 5 days after the grant).
- Grant: 1,906 RSUs reported as acquired at $0.00 (derivative award).
- Vesting: RSUs vest over one year — 1/4 vests on Sept 1, 2026, then 1/4 vests quarterly thereafter (per footnote).
- Plan: Amended & Restated 2013 Equity Incentive Plan.
- Shares owned after transaction: Not specified in this filing.
- Footnotes of note:
- F1: Some shares are held by the Cabral Family Trust; Mr. Cabral is trustee and beneficiary and may share voting/dispositive power.
- F2: Each RSU represents a contingent right to one share of Class A common stock.
- F3: Detailed vesting schedule described above.
- Timeliness: Filing appears late relative to the standard two-business-day Form 4 requirement (transaction on 6/17, filed on 6/22).
Context This was an equity award (RSUs), not an open-market purchase or sale. RSUs are a form of compensation that convert into shares only if vesting conditions are met; they do not represent immediately traded stock. Such grants are common for directors and executives as compensation/retention and are informational rather than a direct market signal of buying or selling.
Insider Transaction Report
- Award
Restricted Stock Units
[F2][F3]2026-06-17+1,906→ 1,906 total→ Class A Common Stock (1,906 underlying)
- 1,049
Class A Common Stock
- 5,500(indirect: By Trust)
Class A Common Stock
[F1]
Footnotes (3)
- [F1]Shares held by the Cabral Family Trust (the "Trust"). The Reporting Person is a trustee and beneficiary of the Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust.
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- [F3]The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over one year with 1/4 of the RSUs vesting on September 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.