The latest update is out from Veeva Systems (VEEV).
Veeva Systems Inc.’s Board awarded CEO Peter Gassner a substantial stock option grant on June 19, 2024, to incentivize his long-term leadership and align his interests with the company’s success and shareholder value. The grant allows Gassner to purchase 2,650,000 shares at a premium price, contingent on the company’s stock performance and his continued service. Additionally, director Paul Sekhri’s resignation was rejected by the Board, valuing his contributions and industry insight despite ISS’s overboarding concerns. These moves reflect Veeva’s strategic focus on executive retention and governance aimed at driving continuous growth and addressing future challenges.
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