Form 4: Dayforce Inc. Executive Jeremy Johnson Reports Changes in Beneficial Ownership

EVP and CFO Jeremy Johnson reports acquisition and disposal of Dayforce, Inc. stock and performance units.

Summary

• On March 5, 2025, Jeremy Johnson, EVP and CFO of Dayforce, Inc., reported changes in beneficial ownership.
• Johnson acquired 30,294 shares of common stock through restricted stock units (RSUs) that vest in three annual installments starting March 5, 2026.
• He also reported owning 65,003 shares of common stock, which includes 44,946 unvested RSUs.
• Additionally, Johnson acquired 3,188 performance stock units (PSUs), each representing a contingent right to receive shares of common stock based on performance metrics from January 1, 2025, to December 31, 2027.
• The actual number of shares issued for the PSUs may range from zero to 200% of the target number, vesting on March 5, 2028, if the performance goals are certified by the Compensation Committee or the Board of Directors.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document is a standard regulatory filing detailing changes in ownership. The grants of RSUs and PSUs are generally positive, aligning executive incentives with company performance, but the actual value depends on future performance.

Positives

• The acquisition of RSUs and PSUs aligns the executive's interests with the company's performance and shareholder value.

Risks

• The vesting of PSUs is contingent on achieving specific performance metrics, which may not be met.

Future Outlook

The number of shares ultimately vesting from the PSUs depends on the company's performance between January 1, 2025, and December 31, 2027.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may view the grants of RSUs and PSUs as a positive sign, aligning management's interests with company performance.

Key Dates