Form 4: Dayforce EVP, Chief Revenue Officer Reports Routine Stock Transaction for Tax Withholding

Samer Alkharrat, EVP and Chief Revenue Officer of Dayforce, Inc., reported a disposition of 13,341 shares of common stock valued at $59.16 per share, primarily for tax withholding purposes related to equity vesting.

Summary

• Samer Alkharrat, the Executive Vice President and Chief Revenue Officer of Dayforce, Inc. (DAY), filed a Form 4 reporting a transaction on June 9, 2025.
• The transaction involved the disposition of 13,341 shares of Dayforce Common Stock.
• The shares were disposed of at a price of $59.16 per share, totaling approximately $789,390.36.
• This disposition was marked with transaction code 'F', indicating a payment of tax liability by withholding securities.
• Following this transaction, Mr. Alkharrat beneficially owns 132,930 shares of Dayforce Common Stock.
• The remaining beneficial ownership includes 90,723 unvested restricted stock units (RSUs) and 7,785 unvested performance stock units (PSUs).

Sentiment

Score: 5

Explanation: The sentiment is neutral. This is a routine, non-discretionary transaction for tax purposes related to equity vesting, which is a common occurrence for executives and does not reflect a change in company fundamentals or management's discretionary view of the stock.

Positives

• The transaction indicates the vesting of equity awards for a key executive, which can be seen as a positive for executive retention and alignment of interests with shareholders.

Negatives

• The disposition of shares, even for tax purposes, represents a reduction in the executive's direct shareholding, though this is a common and expected event with equity vesting.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report (Form 4) and does not provide specific insights into broader industry trends or competitive landscape. It reflects standard equity compensation practices within the technology or human capital management software industry.

Comparison to Industry Standards

• The disposition of shares for tax withholding purposes upon equity vesting is a standard practice across industries, including the software and technology sectors, and is consistent with typical executive compensation structures.
• The reported price of $59.16 per share reflects the market value of Dayforce's common stock at the time of the transaction, which can be compared to the stock performance of peers like Workday (WDAY), Oracle (ORCL), or SAP (SAP) in the human capital management and enterprise software space, though this document does not provide such comparative data.

Related Party Transactions

• The transaction involves an executive (Samer Alkharrat) and the company (Dayforce, Inc.), which is inherently a related party transaction in the context of insider reporting, specifically for equity compensation and tax withholding.

Stakeholder Impact

• Shareholders: The transaction is a routine event and is unlikely to have a significant direct impact on shareholders. It reflects the ongoing compensation structure for executives.
• Employees: No direct impact on general employees is indicated by this filing.
• Management: The transaction is a standard part of executive compensation and tax planning.

Key Dates

Keywords

Dayforce Inc., DAY, Samer Alkharrat, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Equity Vesting, Chief Revenue Officer, Common Stock, Restricted Stock Units, Performance Stock Units