Form 4: Dayforce Director Andrea Rosen Reports Changes in Beneficial Ownership

Director Andrea Rosen reports a transaction involving Dayforce, Inc. common stock related to the vesting of restricted stock units and the forfeiture of shares for tax withholding.

Summary

• On August 3, 2024, Andrea Rosen, a director of Dayforce, Inc., had a transaction involving 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.
• 506 shares of common stock were issued to Rosen as part of the RSU vesting.
• Following the transaction, Rosen beneficially owns 10,800 shares of Dayforce, Inc. common stock, which includes shares held directly and shares issuable pursuant to RSUs.
• Rosen also holds options to purchase additional shares of common stock at various exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: This is a neutral filing reflecting standard compensation practices and insider transactions. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Comparison to Industry Standards

• Director stock ownership and option grants are common forms of compensation in publicly traded companies.
• The vesting schedules and tax withholding practices described are standard procedures for RSU awards.
• Comparing Rosen's holdings and transactions to those of directors at similar SaaS companies like Workday or Salesforce would provide further context.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director stock ownership.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates