Summary by Moomoo AI
On June 19, 2024, Veeva Systems Inc., a Delaware-incorporated company listed on the New York Stock Exchange under the symbol VEEV, reported a significant event in a Form 8-K filing with the SEC. The company's Board of Directors, following recommendations from a special subcommittee and consultation with an independent compensation consultant, approved a substantial stock option grant for CEO and founder Peter P. Gassner. Gassner was granted options to purchase 2,650,000 shares at an exercise price of $236.90, contingent on continuous service and the company's stock price performance. The options will vest over five years starting February 1, 2025, and are subject to a two-year post-exercise holding period. This grant, valued at approximately $172 million, is part of a long-term compensation...Show More