Form 4: Dayforce Director Andrea Rosen Reports Stock Forfeiture for Tax Obligations
SEC Form 4 Filing
Director Andrea Rosen forfeited 560 shares of Dayforce, Inc. common stock to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On May 15, 2024, Andrea Rosen, a director of Dayforce, Inc., forfeited 560 shares of common stock to cover withholding taxes related to the vesting of 1,046 shares of common stock.
- Following the transaction, Rosen directly owns 11,385 shares of Dayforce, Inc.
- This includes 7,022 shares of common stock and 4,363 shares issuable pursuant to restricted stock units (RSUs) granted on May 3, 2024, which vest quarterly.
- Rosen also holds options to purchase shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine forfeiture of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of grant for 4,363 shares of Common Stock issuable pursuant to RSUs, that vest as to 25% of the RSU on the last day of each three-month period commencing on the date of grant. |
| 05/15/2024 | Date of transaction: 560 shares of Common Stock were forfeited to pay withholding taxes. |
| 05/16/2024 | 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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