Form 4: Workday CFO Zane Rowe Sells Shares to Cover Tax Obligations

Workday's Chief Financial Officer, Zane Rowe, sold 7,132 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• Zane Rowe, the Chief Financial Officer of Workday, Inc., sold 7,132 shares of Class A Common Stock on January 5, 2025.
• The sale was executed at a price of $252.84 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following the transaction, Rowe beneficially owns 164,860 shares of Class A Common Stock, which includes 117,122 RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the technology industry.
• Many companies use RSUs as part of their compensation packages, leading to similar transactions by executives at other firms such as Salesforce, Oracle, and SAP.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Workday, Zane Rowe, CFO, stock sale, Form 4, insider trading, restricted stock units, tax obligations