Salesforce Inc. (NYSE:CRM) shares are trending on Wednesday night.
Shares of the leading American cloud-based software company rose 0.53% to $183.99 in after-hours trading on Tuesday, as six senior insiders disclosed equity transactions in Securities and Exchange Commission filings dated the same day.
Executives Vest RSUs
SEC filings show Salesforce executives Parker Harris, co-founder and chief technology officer of Slack, Miguel Milano, president and chief revenue officer, Sabastian Niles, president and chief legal officer, Srinivas Tallapragada, chief engineering and customer success officer and Robin Washington, president and chief operating and financial officer, each converted restricted stock units into common shares on Monday.
RSUs converted to common stock on a one-for-one basis upon vesting for Salesforce insiders.
| Insider | Shares Vested |
|---|---|
| Parker Harris | 7,359 |
| Miguel Milano | 7,118 |
| Sabastian Niles | 5,083 |
| Srinivas Tallapragada | 9,849 |
| Robin Washington | 7,323 |
| Total | 36,732 |
A combined 15,057 shares were withheld across the five insiders at $195.38 per share to settle tax obligations, totaling approximately $2.94 million.
In a separate filing, Chair and CEO Marc Benioff received 45,474 performance-based restricted stock units at $0, with no withholding transactions recorded.
Salesforce's Compensation Committee certified FY2024 PRSU awards for Harris, Tallapragada, and Benioff, with shares set to vest on Apr. 22, while Milano and Niles had their new-hire PRSU awards certified separately, vesting on Sep. 15.
What It Means for Investors
All six insiders received fiscal year 2026 performance stock options at a $280.62 strike price, expiring Mar. 22, 2032. With CRM trading at $183.02, the options are deeply out of the money by roughly $97.60 per share, requiring a 53% rally before insiders see any gain.
Notably, no open-market sales were recorded across any of the six filings, suggesting the activity reflects scheduled, compensation-driven transactions rather than discretionary selling.
Benioff holds the largest grant at 233,404 options, followed by Tallapragada and Washington at 58,352 each.
Trading Metrics, Technical Analysis
Salesforce has a market capitalization of $168.93 billion, with a 52-week high of $296.05 and a 52-week low of $174.57.
The Relative Strength Index (RSI) of CRM stands at 36.51.
Over the past 12 months, the stock of the technology company has fallen 36.59%.
Currently, CRM is positioned at about 6.95% of its 52-week range, placing it closer to the lower end than the top.
Price Action: The large-cap stock closed Tuesday’s regular session down 6.23% at $183.02, according to Benzinga Pro data.
Benzinga’s Edge Stock Rankings indicate that CRM has a negative price trend across all time frames.
Photo: JHVEPhoto / Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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