Form 4: Workday CEO Carl Eschenbach Reports Changes in Beneficial Ownership

Workday's CEO, Carl M. Eschenbach, filed a Form 4 detailing changes in his beneficial ownership of company stock due to tax withholding related to vesting of performance restricted stock units.

Summary

• On April 5, 2024, Carl M. Eschenbach, CEO of Workday, Inc., reported changes in his beneficial ownership of Workday's Class A Common Stock.
• The changes are due to the withholding of 1,674 shares by Workday to satisfy tax obligations related to the vesting of performance restricted stock units (PRSUs) at a price of $269.08.
• Following the transaction, Eschenbach directly owns 588,993 shares of Class A Common Stock.
• Eschenbach also indirectly owns 20,222 shares through the Eschenbach Family Trust.
• The directly held shares include 208,760 restricted stock units (RSUs) and 249,666 PRSUs, each convertible to one share of Class A Common Stock upon settlement, contingent on continued service with Workday.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting a transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing indicates activity related to equity compensation.

Stakeholder Impact

• The transaction has a minor impact on the overall shareholding structure of the company.

Key Dates