Form 4: Dayforce Executive Stephen Holdridge Reports Stock Transactions
SEC Form 4 Filing
Stephen Holdridge, President of Customer & Revenue Operations at Dayforce, Inc., reports transactions involving common stock and performance units.
Summary
- On February 24, 2024, Stephen Holdridge, President Customer & Revenue Ops of Dayforce, Inc., reported transactions involving the company's common stock.
- These transactions included the forfeiture of 2,173 shares to cover withholding taxes related to the vesting of 7,059 shares of common stock from a restricted stock unit (RSU) award granted on February 24, 2022.
- Additionally, 5,880 performance stock units (PSUs) vested, converting into 5,880 shares of common stock due to the company's performance in 2022.
- Another 1,770 shares were forfeited to cover withholding taxes related to the vesting of these PSUs, with 4,110 shares issued to Holdridge.
- Following these transactions, Holdridge directly owns 75,817 shares of common stock.
- Holdridge also holds options to purchase 65,547 shares of common stock and various performance units that will convert into common stock upon vesting.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The document details future vesting dates for RSUs and PSUs, indicating continued equity-based compensation for the reporting person.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment with company performance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock as shares are issued upon vesting of RSUs and PSUs.
- The transactions reflect the company's compensation strategy for its executives.
Key Dates
| Date | Description |
|---|---|
| 03/08/2021 | Date of RSU grant, of which 3,088 shares vest on March 8, 2024. |
| 02/24/2022 | Date of RSU and PSU grants, with vesting occurring on February 24, 2024 and February 24, 2025. |
| 02/28/2023 | Date of RSU and PSU grants, with vesting occurring on February 28, 2024, February 28, 2025 and February 28, 2026. |
| 02/24/2024 | Date of reported transactions: vesting of RSUs and PSUs, forfeiture of shares for tax withholding. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
| 02/28/2024 | 16,387 options vest and become exercisable. |
| 03/08/2024 | 3,088 shares of Common Stock issuable pursuant to RSUs vest. |
| 02/24/2025 | 7,059 shares of Common Stock issuable pursuant to RSUs vest. |
| 02/28/2025 | 9,141 shares of Common Stock issuable pursuant to RSUs vest. |
| 02/28/2026 | 9,141 shares of Common Stock issuable pursuant to RSUs vest. |
| 02/28/2030 | Expiration date for options (right to buy). |
| 03/08/2031 | Expiration date for Performance Units. |
| 02/24/2032 | Expiration date for Performance Units. |
| 02/28/2033 | Expiration date for Performance Units. |
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