Veeva grants CEO Gassner $172M performance option at $236.90 strike; board retains director Sekhri

VEEVA SYSTEMS INC

CEO Gassner granted 2,650,000 shares at $236.90 (52-week high); prior close $178.74.
Option vests only if VEEV closes at or above $236.90 for 60 consecutive trading days before 2030.
Estimated grant-date fair value ~$172M; vests in five equal annual increments from Feb 2025.
Director Paul Sekhri's resignation not accepted after failing majority vote; board cited his expertise.
Gassner's last equity grant was 2018; he receives $450K salary and no other cash compensation since IPO.

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