Form 4: Dayforce EVP, CSPTO Joseph Korngiebel Reports Changes in Beneficial Ownership

Joseph Korngiebel, EVP, CSPTO of Dayforce, Inc., reports acquisition of common stock and performance units.

Summary

• On March 5, 2025, Joseph Korngiebel, EVP, CSPTO of Dayforce, Inc., reported changes in beneficial ownership.
• Korngiebel acquired 66,398 shares of common stock through restricted stock units (RSUs) that vest in three annual installments starting March 5, 2026.
• He also acquired 6,989 performance stock units (PSUs), which represent a contingent right to receive shares of common stock based on performance metrics from January 1, 2025, to December 31, 2027.
• The number of shares issued for PSUs may range from zero to 200% of the target number, vesting on March 5, 2028, if the performance metric is certified by the Compensation Committee or the Board of Directors.
• Following the reported transactions, Korngiebel beneficially owns 238,313 shares of common stock, including 113,251 unvested RSUs, and 6,989 PSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and alignment of interests. The acquisition of shares and performance units is generally viewed favorably.

Positives

• The acquisition of RSUs and PSUs aligns the executive's interests with the company's performance and shareholder value.

Risks

• The actual number of shares received from PSUs depends on the achievement of performance metrics, which introduces uncertainty.

Future Outlook

The number of shares ultimately received from the PSUs will depend on the company's performance between January 1, 2025, and December 31, 2027, with vesting occurring on March 5, 2028, if performance goals are met.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of shares and performance units by an executive can positively influence shareholder confidence by aligning management's interests with company performance.

Key Dates