Form 4: Workday Chief Accounting Officer Reports Future Tax-Related Stock Disposition

Workday's Chief Accounting Officer, Mark S. Garfield, reported a future disposition of 618 shares of Class A Common Stock at $241.76 per share to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Mark S. Garfield, Chief Accounting Officer of Workday, Inc. (WDAY), is the reporting person.
• The transaction involves the disposition of 618 shares of Class A Common Stock.
• The shares were disposed of at a price of $241.76 per share.
• The transaction date is listed as July 5, 2025, which is a future date relative to the filing date of July 8, 2025.
• The purpose of the disposition is to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs).
• Following this reported transaction, Mark S. Garfield beneficially owns 43,428 shares of Class A Common Stock, which includes 41,560 RSUs.
• Each RSU entitles the reporting person to receive one share of Class A Common Stock upon settlement, subject to continued service with Workday, Inc. on applicable vesting dates.

Sentiment

Score: 5

Explanation: The document reports a routine, non-discretionary transaction (tax withholding on RSU vesting) which is neutral in sentiment regarding the company's operational performance or outlook.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine, non-discretionary stock transaction by an executive, which is a common occurrence across publicly traded companies as part of executive compensation and tax management related to equity awards.

Stakeholder Impact

• Shareholders: Provides transparency into executive stock ownership and compensation practices, showing a minor reduction in direct holdings due to tax obligations, but overall continued significant equity interest including RSUs.

Key Dates

Keywords

Workday, WDAY, SEC Form 4, Insider Transaction, Stock Disposition, RSU Vesting, Tax Withholding, Executive Compensation, Mark S. Garfield