Form 4: Dayforce EVP Joseph Korngiebel Reports Acquisition of 13,292 Shares of Common Stock
SEC Form 4 Filing
Dayforce's EVP, CSPTO, Joseph Korngiebel, reports acquiring 13,292 shares of common stock through restricted stock units, bringing his total holdings to 164,310 shares.
Summary
- Joseph Korngiebel, EVP, CSPTO of Dayforce, Inc., filed a Form 4 on November 5, 2024.
- The report details the acquisition of 13,292 shares of Dayforce common stock on November 1, 2024, through restricted stock units (RSUs).
- These RSUs vest in three annual installments starting November 1, 2025.
- Following the reported transaction, Korngiebel's total beneficial ownership of Dayforce common stock is 164,310 shares.
- The report also details Korngiebel's holdings of performance stock units (PSUs) which are contingent rights to receive shares of common stock based on the achievement of certain performance metrics.
- The number of shares ultimately received from PSUs can range from 0% to 200% of the target number, depending on performance.
- The PSUs have various vesting dates and performance periods.
Sentiment
Score: 6
Explanation: Neutral sentiment. The filing simply reports transactions by an executive, which is a normal part of operations. The acquisition of shares could be interpreted slightly positively, but it's not a strong signal.
Positives
- The acquisition of shares by an executive could be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Grant date of 7,059 RSUs, vesting on February 24, 2025. |
| 02/28/2023 | Grant date of 18,282 RSUs, vesting in two installments on February 28, 2025 and February 28, 2026. |
| 01/01/2023 | Start date for performance period related to certain PSUs. |
| 12/31/2025 | End date for performance period related to certain PSUs. |
| 03/01/2024 | Grant date of 36,630 RSUs, vesting in three installments on March 1, 2025, March 1, 2026, and March 1, 2027. |
| 01/01/2024 | Start date for performance period related to certain PSUs. |
| 12/31/2024 | End date for performance period related to certain PSUs under the 2024 MIP. |
| 11/01/2024 | Date of transaction: Acquisition of 13,292 shares of common stock via RSUs. |
| 11/01/2024 | Grant date of 13,292 RSUs, vesting in three installments beginning November 1, 2025. |
| 11/05/2024 | Date of Form 4 filing. |
| 02/24/2025 | Vesting date of 5,880 PSUs granted on February 24, 2022. |
| 02/28/2025 | Vesting date of 9,141 RSUs granted on February 28, 2023. |
| 03/01/2025 | Vesting date of 12,210 RSUs granted on March 1, 2024. |
| 11/01/2025 | First vesting date for RSUs acquired on November 1, 2024 (4,430 shares). |
| 02/28/2026 | Vesting date of 9,141 RSUs granted on February 28, 2023. |
| 02/28/2026 | Vesting date for certain PSUs based on performance from January 1, 2023 to December 31, 2025. |
| 03/01/2026 | Vesting date of 12,210 RSUs granted on March 1, 2024. |
| 11/01/2026 | Second vesting date for RSUs acquired on November 1, 2024 (4,431 shares). |
| 03/01/2027 | Vesting date of 12,210 RSUs granted on March 1, 2024. |
| 03/01/2027 | Vesting date for certain PSUs based on performance from January 1, 2024 to December 31, 2026. |
| 02/24/2032 | Expiration date for certain Performance Units. |
| 02/28/2033 | Expiration date for certain Performance Units. |
| 03/01/2034 | Expiration date for certain Performance Units. |
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