Form 4: Workday CEO Carl Eschenbach Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Workday CEO Carl Eschenbach reports the disposal of 1,589 Class A Common Stock shares to cover tax obligations related to vesting performance restricted stock units.
Summary
- On February 5, 2025, Carl M. Eschenbach, CEO of Workday, Inc., reported a transaction involving Class A Common Stock.
- 1,589 shares were disposed of to satisfy tax withholding obligations related to the vesting of performance restricted stock units (PRSUs) at a price of $259.73.
- Following the transaction, Eschenbach directly owns 638,188 shares of Class A Common Stock, which includes 245,316 restricted stock units (RSUs) and 215,926 PRSUs.
- Eschenbach also indirectly owns 13,972 shares through the Eschenbach Family Trust.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives in publicly traded companies like Workday, similar to filings made by executives at companies like Salesforce (CRM) and Oracle (ORCL).
- The disposal of shares to cover tax obligations upon vesting of restricted stock units (RSUs) and performance restricted stock units (PRSUs) is a common practice across the tech industry, ensuring compliance with tax regulations.
- The reporting of beneficial ownership, both direct and indirect through trusts, aligns with SEC regulations and is consistent with disclosures made by executives in comparable companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the disposal of a small number of shares by the CEO to cover tax obligations.
- The disclosure provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 4/15/2014 | Date of Eschenbach Family Trust |
| 02/05/2025 | Date of transaction: Disposal of shares for tax obligations |
| 02/06/2025 | Date of signature on the report |
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