Form 4: Dayforce EVP, CSPTO Joseph Korngiebel Reports Stock Disposal
SEC Filing
Joseph Korngiebel, EVP, CSPTO of Dayforce, Inc., reports the disposal of 4,724 shares of common stock to cover tax obligations related to vesting restricted stock units and performance stock units.
Summary
- On February 24, 2025, Joseph Korngiebel, EVP, CSPTO of Dayforce, Inc., disposed of 4,724 shares of common stock.
- The transaction was executed at a price of $64.43 per share.
- This disposal was to satisfy tax obligations related to vesting restricted stock units and performance stock units.
- Following the transaction, Korngiebel directly owns 200,601 shares of Dayforce, Inc., which includes 68,204 unvested restricted stock units and 35,135 unvested performance stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to tax obligations from vesting equity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, common among executives with equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of stock disposal transaction |
| 02/26/2025 | Date of signature on the Form 4 filing |
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