Form 4: Dayforce Director Andrea Rosen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Andrea Rosen reports the forfeiture of 585 shares to cover withholding taxes related to vested restricted stock units, resulting in a net increase of 506 shares and adjustments to option holdings.
Summary
- On November 3, 2024, Andrea Rosen, a director of Dayforce, Inc., reported changes in beneficial ownership of the company's common stock.
- 585 shares were forfeited to cover withholding taxes related to the vesting of 1,091 shares of common stock from a restricted stock unit (RSU) award granted on May 3, 2024.
- As a result of the vesting, 506 shares of common stock were issued to Rosen.
- Following the transaction, Rosen directly owns 10,215 shares of common stock, which includes 8,034 shares and 2,181 shares issuable pursuant to RSUs.
- Rosen also holds options to purchase 9,532 shares at $65.26, 3,869 shares at $74.2, 8,164 shares at $87.4 and 14,233 shares at $50.23, all of which are fully vested and exercisable.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine equity compensation activity. The director's continued holdings suggest confidence in the company.
Positives
- The vesting of RSUs indicates that Rosen is meeting the conditions of her equity compensation plan.
- Rosen continues to hold a significant number of shares and options, aligning her interests with those of other shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal equity compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of RSU award grant. |
| 11/03/2024 | Date of transaction (vesting of RSUs and forfeiture of shares). |
| 02/03/2025 | Date 1,091 shares of Common Stock vest. |
| 05/03/2025 | Date 1,090 shares of Common Stock vest. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
| 05/08/2030 | Expiration date of options with exercise price of $65.26. |
| 08/21/2030 | Expiration date of options with exercise price of $74.2. |
| 05/07/2031 | Expiration date of options with exercise price of $87.4. |
| 05/11/2032 | Expiration date of options with exercise price of $50.23. |
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