Form 4: Dayforce Director Linda Mantia Reports Acquisition of Common Stock and Grants of Restricted Stock Units and Options
SEC Form 4 Filing
Director Linda Mantia reported the acquisition of 4,363 shares of Dayforce, Inc. common stock through restricted stock units (RSUs) and holds options to purchase additional shares.
Summary
- On May 3, 2024, Linda Mantia, a director of Dayforce, Inc., acquired 4,363 shares of common stock through restricted stock units (RSUs).
- These RSUs vest as to 25% on the last day of each three-month period commencing on the grant date.
- Mantia also holds 20,480 shares of common stock, including RSUs granted between June 15, 2020, and May 15, 2023, that are issuable as shares of Common Stock at the election of the recipient.
- Mantia has options to purchase 3,869 shares at $74.20 expiring on August 21, 2030, 2,721 shares at $87.40 expiring on May 7, 2031 and 4,744 shares at $50.23 expiring on May 11, 2032.
- These options are fully vested and exercisable.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine disclosure of stock transactions by a company director. The acquisition of shares could be seen as slightly positive, 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.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future stock performance.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding insider transactions.
- Employees holding company stock or options may be interested in the director's transactions.
Key Dates
| Date | Description |
|---|---|
| 2020-06-15 | Grant date of 2,626 RSUs. |
| 2020-08-21 | Grant date of 2,695 RSUs. |
| 2021-05-07 | Grant date of 2,288 RSUs. |
| 2022-05-11 | Grant date of 3,483 RSUs. |
| 2023-05-15 | Grant date of 5,025 RSUs. |
| 2023-08-31 | Date of Power of Attorney. |
| 2030-08-21 | Expiration date of options to purchase 3,869 shares at $74.20. |
| 2031-05-07 | Expiration date of options to purchase 2,721 shares at $87.40. |
| 2024-05-03 | Date of transaction: acquisition of 4,363 shares of common stock through RSUs. |
| 2024-05-07 | Signature date of the report. |
| 2032-05-11 | Expiration date of options to purchase 4,744 shares at $50.23. |
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