Form 4: Dayforce EVP, CFO Jeremy Johnson Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing


Jeremy Johnson, EVP and CFO of Dayforce, Inc., reports the vesting of performance stock units (PSUs) and subsequent changes in beneficial ownership of common stock.

Summary

  • On February 3, 2025, Jeremy Johnson, EVP and CFO of Dayforce, Inc., reported changes in his beneficial ownership of the company's stock.
  • The changes are due to the vesting of performance stock units (PSUs) after the Compensation Committee determined that performance conditions were met under the applicable PSU award agreements.
  • A total of 21,730 PSUs vested, resulting in the acquisition of common stock.
  • Johnson also holds 21,978 unvested restricted stock units and 21,730 unvested PSUs.
  • The PSUs represent a contingent right to receive shares of common stock based on the achievement of performance metrics under the company's 2024 Management Incentive Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock ownership changes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of executive incentives with company performance.

Stakeholder Impact

  • The vesting of PSUs aligns executive compensation with company performance, potentially benefiting shareholders.
  • The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates

DateDescription
02/03/2025Date of earliest transaction (vesting of PSUs) and determination by the Compensation Committee that performance conditions were met.
02/05/2025Date of signature for the Form 4 filing.
03/01/2034Expiration date for Performance Units.

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