Form 4: Dayforce Executive Stephen Holdridge Reports Stock Transactions
SEC Form 4 Filing
Stephen Holdridge, President of Customer & Revenue Operations at Dayforce, Inc., reports the vesting of restricted stock units and performance stock units, along with associated tax withholdings.
Summary
- On March 8, 2024, Stephen Holdridge, President Customer&Revenue Ops of Dayforce, Inc., reported transactions involving Dayforce's common stock.
- These transactions included the vesting of 3,088 shares of common stock related to restricted stock units (RSUs) and performance stock units (PSUs) granted on March 8, 2021.
- 1,393 shares were forfeited to cover withholding taxes at a price of $66.92 per share.
- Holdridge acquired 3,088 shares through the vesting of PSUs.
- Following these transactions, Holdridge directly owns 104,059 shares of Dayforce common stock.
- Holdridge also holds options to buy 65,547 shares and various performance units that could convert into shares of common stock based on performance metrics.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing, indicating routine executive compensation activity. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.
Positives
- The vesting of RSUs and PSUs indicates that the company is meeting certain performance criteria, which is a positive sign.
Future Outlook
The document outlines future vesting dates for RSUs and PSUs, contingent on continued employment and potentially on the achievement of performance 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 equity-based compensation structure for Dayforce executives.
Comparison to Industry Standards
- Equity compensation is a standard practice among publicly traded companies to align executive interests with shareholder value.
- Companies like Workday and Oracle also utilize stock options and restricted stock units as part of their executive compensation packages.
- The vesting schedules and performance metrics associated with Dayforce's PSUs are likely benchmarked against industry peers to attract and retain talent.
Stakeholder Impact
- Shareholders can gain insight into executive compensation and alignment with company performance.
- Employees may be impacted by the company's performance, which affects the vesting of performance-based equity awards.
Key Dates
| Date | Description |
|---|---|
| 03/08/2021 | Date of RSU and PSU grants. |
| 02/24/2022 | Date of RSU grants. |
| 02/28/2023 | Date of RSU grants. |
| 03/08/2024 | Date of reported transactions (vesting of RSUs and PSUs). |
| 03/12/2024 | Date of Form 4 filing. |
| 02/24/2025 | Vesting date of 7,059 shares of Common Stock issuable pursuant to RSUs granted on February 24, 2022. |
| 02/28/2025 | Vesting date of 9,141 shares of Common Stock issuable pursuant to RSUs granted on February 28, 2023. |
| 02/28/2026 | Vesting date of 9,141 shares of Common Stock issuable pursuant to RSUs granted on February 28, 2023. |
| 03/01/2025 | Vesting date of 12,210 shares of Common Stock issuable pursuant to RSUs granted on March 1, 2024. |
| 03/01/2026 | Vesting date of 12,210 shares of Common Stock issuable pursuant to RSUs granted on March 1, 2024. |
| 03/01/2027 | Vesting date of 12,210 shares of Common Stock issuable pursuant to RSUs granted on March 1, 2024. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.