Form 4: Workday CEO Carl Eschenbach Reports Stock Disposals to Cover Tax Obligations

Workday CEO Carl Eschenbach disposed of shares to cover tax obligations related to vesting performance restricted stock units.

Summary

• Carl Eschenbach, CEO of Workday, Inc., filed a Form 4 with the SEC detailing changes in beneficial ownership.
• On February 5, 2024, 12,276 shares of Class A Common Stock were disposed of at a price of $294.74 to cover tax obligations.
• On March 5, 2024, 11,084 shares of Class A Common Stock were disposed of at a price of $273.02 to cover tax obligations.
• Following these transactions, Eschenbach directly owns 601,751 shares and 590,667 shares respectively.
• Additionally, 20,222 shares are held indirectly through the Eschenbach Family Trust.
• The direct holdings include 208,760 restricted stock units (RSUs) and 253,040 performance restricted stock units (PRSUs).
• Juliana Capata, attorney-in-fact, signed the report on March 7, 2024.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to stock transactions for tax purposes. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. The disposal of shares to cover tax obligations is a standard practice.

Stakeholder Impact

• The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of the CEO's holdings.

Key Dates