---
schema_version: "secwatch.filing_event.v1"
accession: "0001393052-24-000038"
form_type: "8-K"
ticker: "VEEV"
cik: "0001393052"
company_name: "VEEVA SYSTEMS INC"
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T02:45:25.044152+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001393052-24-000038
- form_type: 8-K
- ticker: VEEV
- cik: 0001393052
- company_name: VEEVA SYSTEMS INC
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393052/000139305224000038/0001393052-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393052/000139305224000038/veev-20240619.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393052-24-000038
- JSON: https://secwatch.observer/filing/0001393052-24-000038.json
- Plain text: https://secwatch.observer/filing/0001393052-24-000038.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.