Form 4: Dayforce EVP Joseph Korngiebel Reports Stock Disposals
SEC Filing
Joseph Korngiebel, EVP, CSPTO of Dayforce, Inc., reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 28, 2025, Joseph Korngiebel disposed of 8,922 shares of Dayforce, Inc. common stock at a price of $61.99.
- On March 1, 2025, he disposed of an additional 19,764 shares at the same price of $61.99.
- These transactions were to cover tax obligations.
- Following these transactions, Korngiebel beneficially owns 171,915 shares of Dayforce, Inc.
- This includes 46,853 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Disposal of 8,922 shares of Common Stock |
| 03/01/2025 | Disposal of 19,764 shares of Common Stock |
| 03/04/2025 | Date of signature for the report |
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