Form 4: Dayforce Director Andrea Rosen Reports Changes in Beneficial Ownership
SEC Form 4
Director Andrea Rosen reports acquisition of Dayforce stock through restricted stock units and updates holdings of common stock and options.
Summary
- Andrea Rosen, a director of Dayforce, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 3, 2024, Rosen acquired 4,363 shares of common stock through restricted stock units (RSUs) at a price of $0.
- These RSUs vest as to 25% on the last day of each three-month period commencing on the grant date.
- Following the reported transaction, Rosen beneficially owns 11,945 shares of common stock.
- This includes 6,536 shares of common stock, shares issuable pursuant to RSUs granted on May 15, 2023, and the newly granted RSUs from May 3, 2024.
- Rosen also holds options to purchase common stock at various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating insider transactions. The acquisition of shares through RSUs is generally viewed positively, but it's not a major event.
Positives
- The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can influence investor sentiment.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/15/2023 | Grant date of RSUs, of which 1,046 shares vest on May 15, 2024. |
| 05/03/2024 | Date of transaction: Acquisition of 4,363 shares of common stock through RSUs. |
| 05/07/2024 | Date of signature for the Form 4 filing. |
| 05/08/2030 | Expiration date for options to purchase 9,532 shares at $65.26. |
| 08/21/2030 | Expiration date for options to purchase 3,869 shares at $74.2. |
| 05/07/2031 | Expiration date for options to purchase 8,164 shares at $87.4. |
| 05/11/2032 | Expiration date for options to purchase 14,233 shares at $50.23. |
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