Form 4: Dayforce Director Thomas Hagerty Reports Acquisition of 5,367 Shares Through Restricted Stock Units

Director Thomas Hagerty reports acquiring 5,367 shares of Dayforce, Inc. through restricted stock units, increasing his total holdings.

Summary

• Thomas M. Hagerty, a director of Dayforce, Inc., filed a Form 4 on May 7, 2024, reporting a transaction that occurred on May 3, 2024.
• Hagerty acquired 5,367 shares of Dayforce common stock through the vesting of restricted stock units (RSUs).
• These RSUs were granted on May 3, 2024, and vest in equal quarterly installments over one year.
• Following the transaction, Hagerty directly owns 90,745 shares and indirectly owns 84,235 shares through a trust.
• Hagerty has a power of attorney naming William E. McDonald, Erik J. Didrikson, and Andrea R. Bastyr as attorneys-in-fact for securities filings.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock acquisition through previously granted RSUs. It doesn't indicate any significant positive or negative development.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The RSUs vest as to 25% of the RSU on the last day of each three-month period commencing on the date of grant.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals insider confidence.

Key Dates