Hedley Mary Lynne 4

What Happened
Hedley Mary Lynne, a director of Veeva Systems Inc. (VEEV), received a grant of 1,906 Restricted Stock Units (RSUs) on June 17, 2026. The award is recorded at $0.00 in the Form 4 because RSUs are contingent rights to receive shares upon vesting rather than an immediate cash purchase. This transaction is an award/grant (derivative) under the company’s equity plan, not an open-market buy or sale.

Key Details

• Transaction date: 2026-06-17; Form 4 filed: 2026-06-22. (Filed after the typical 2-business-day Form 4 deadline.)
• Transaction type/code: Award/Grant (A); 1,906 RSUs granted at $0.00 (derivative).
• Each RSU equals a contingent right to one share of Class A common stock (Footnote F1).
• Grant made under Veeva’s Amended & Restated 2013 Equity Incentive Plan (Footnote F2).
• Vesting: reporting person vests over time — 1/4 of RSUs vest on Sept 1, 2026, and subsequent 1/4 portions vest on a quarterly basis thereafter, subject to continued service.
• Shares owned after transaction: not specified in the provided filing.

Context
RSUs represent future, contingent shares that convert into stock when they vest; they do not deliver immediate shares or cash and therefore don’t directly signal an immediate buy or sell. Grants like this are common as director compensation and should be viewed as part of executive/director pay rather than a straightforward market sentiment indicator.