Form 4: Workday CEO Carl Eschenbach Reports Stock Transactions
SEC Form 4 Filing
Workday CEO Carl M. Eschenbach reports the disposition of shares to cover tax obligations and discloses holdings of Class A Common Stock and derivative securities.
Summary
- On October 5, 2024, Carl M. Eschenbach, CEO of Workday, Inc., reported a transaction involving Class A Common Stock.
- 1,674 shares were disposed of to satisfy tax withholding obligations related to the vesting of performance restricted stock units (PRSUs) at a price of $242.35 per share.
- Following the transaction, Eschenbach directly owns 653,702 shares of Class A Common Stock.
- This includes 264,294 restricted stock units (RSUs) and 229,422 PRSUs, each entitling him to one share of Class A Common Stock upon settlement, contingent on continued service with Workday.
- Eschenbach also indirectly owns 20,222 shares through the Eschenbach Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The reporting person will receive shares of Class A Common Stock upon settlement of RSUs and PRSUs, contingent on continued service with the issuer.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the CEO's stock transactions as an indicator of management's confidence in the company.
- The transactions have a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| 04/15/2014 | Date of Eschenbach Family Trust |
| 10/05/2024 | Date of stock transaction (disposal of shares for tax withholding) |
| 10/08/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.