Form 4: Dayforce EVP William McDonald Reports Changes in Beneficial Ownership
SEC Form 4
William McDonald, EVP, CLO, & Secretary of Dayforce, Inc., reports changes in beneficial ownership of company stock due to vesting of restricted stock units and forfeiture of shares for tax obligations.
Summary
- On August 6, 2024, William McDonald, EVP, CLO, & Secretary of Dayforce, Inc., reported changes in beneficial ownership of the company's stock.
- 371 shares of common stock were forfeited to cover withholding taxes related to the vesting of 813 shares from a restricted stock unit (RSU) award granted on August 6, 2021.
- 442 shares of common stock were issued to McDonald as part of the RSU vesting.
- Following these transactions, McDonald directly owns 73,166 shares of Dayforce common stock.
- McDonald also holds options to purchase 76,349 shares of common stock at prices of $22, $49.93 and $65.26.
- He also holds performance units which will convert into shares of common stock based on the achievement of performance metrics, with the number of shares ranging from 2,197 to 21,978 depending on the specific unit.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and does not contain any information that would significantly sway investor sentiment positively or negatively.
Future Outlook
The document outlines future vesting dates for RSUs and PSUs, with the actual number of shares issued for PSUs dependent on the company's performance against pre-defined metrics.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings of key personnel.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 08/06/2021 | Date of original RSU award grant |
| 02/24/2022 | Date of RSU grant, of which 4,706 shares vest on February 24, 2025 |
| 01/01/2023 | Start date for performance period related to performance stock units |
| 02/28/2023 | Date of RSU grant, of which 4,570 shares vest on February 28, 2025, and 4,571 shares vest on February 28, 2026 |
| 01/01/2024 | Start date for performance period related to performance stock units |
| 03/01/2024 | Date of RSU grant, of which 7,326 shares vest on each of March 1, 2025, March 1, 2026, and March 1, 2027 |
| 06/30/2024 | Date of acquisition of 152 shares under the Dayforce, Inc. Global Employee Stock Purchase Plan (GESPP) |
| 08/06/2024 | Date of transaction: vesting of RSUs and forfeiture of shares for taxes |
| 08/08/2024 | Date of signature |
| 02/24/2025 | Vesting date for 4,706 shares of Common Stock issuable pursuant to RSUs, granted on February 24, 2022 |
| 02/28/2025 | Vesting date for 4,570 shares of Common Stock issuable pursuant to RSUs, granted on February 28, 2023 |
| 03/01/2025 | Vesting date for 7,326 shares of Common Stock issuable pursuant to RSUs, granted on March 1, 2024 |
| 02/28/2026 | Vesting date for 4,571 shares of Common Stock issuable pursuant to RSUs, granted on February 28, 2023 |
| 03/01/2026 | Vesting date for 7,326 shares of Common Stock issuable pursuant to RSUs, granted on March 1, 2024 |
| 03/01/2027 | Vesting date for 7,326 shares of Common Stock issuable pursuant to RSUs, granted on March 1, 2024 |
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