Carges Mark T 4

What Happened

Mark T. Carges, a director of Veeva Systems (VEEV), received a grant of 1,970 restricted stock units (RSUs) on June 17, 2026. The award was reported as a derivative grant at $0.00 (no cash exchanged at grant). Each RSU represents a contingent right to receive one share of Veeva Class A common stock upon vesting.

Key Details

• Transaction date: June 17, 2026; Filed with the SEC: June 22, 2026 (filed after the typical 2-business-day deadline).
• Grant size and price: 1,970 RSUs @ $0.00 (derivative award).
• Vesting: RSUs granted under the Amended & Restated 2013 Equity Incentive Plan. Vesting schedule: 1/4 of the RSUs vest on September 1, 2026, with the remainder vesting 1/4 on a quarterly basis thereafter, subject to continued service.
• Shares owned after transaction: Not explicitly stated in the Form 4; footnotes note a transfer of 271 shares to the Mark Carges Revocable Trust (the reporting person is trustee and beneficiary and may share voting/dispositive power).
• Footnotes: F3 explains each RSU converts to one share upon vesting; F4 describes plan and vesting schedule; F1–F2 describe trust holdings and shared control.

Context

• RSU grants are compensation, not open-market purchases or sales; they don't necessarily signal immediate buying or selling intent. Value to the insider is realized only as RSUs vest (and, if applicable, shares are delivered).
• The filing was submitted several days after the grant date, which is later than the usual 2-business-day Form 4 window; late filings are typically administrative but reduce timeliness for investors tracking insider activity.