Form 4: Dayforce Inc. Executive Samer Alkharrat Reports Acquisition of Restricted Stock Units and Performance Units

EVP and Chief Revenue Officer of Dayforce, Inc., Samer Alkharrat, reports the acquisition of restricted stock units and performance units, along with adjustments to existing holdings.

Summary

• Samer Alkharrat, EVP and Chief Revenue Officer of Dayforce, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 49,799 shares of common stock through restricted stock units (RSUs) granted on March 5, 2025, vesting in three annual installments starting March 5, 2026.
• Alkharrat also acquired 5,242 performance units (PSUs) on the same date.
• The PSUs represent a contingent right to receive shares of common stock based on performance metrics from January 1, 2025, to December 31, 2027, with potential issuance ranging from zero to 200% of the target number of shares.
• These PSUs will vest on March 5, 2028, contingent upon certification by the Compensation Committee or the Board of Directors.
• The report also notes that Alkharrat holds 116,994 unvested RSUs and 7,785 unvested PSUs.
• Following the reported transactions, Alkharrat beneficially owns 155,351 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral. It reflects standard executive compensation practices.

Future Outlook

The number of shares ultimately issued from the PSUs will depend on the company's performance between January 1, 2025, and December 31, 2027, and certification by the Compensation Committee or the Board of Directors.

Industry Context

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

Comparison to Industry Standards

• Equity compensation in the form of RSUs and PSUs is a common practice among publicly traded companies to align executive interests with shareholder value.
• Vesting schedules and performance metrics vary widely across industries and companies, depending on specific goals and strategic priorities.
• Companies like Workday and Oracle also utilize similar equity compensation plans for their executives.

Stakeholder Impact

• Shareholders gain insight into executive compensation and alignment of interests.
• Employees may be indirectly affected by the performance metrics tied to the PSUs, as they can influence company performance.

Key Dates