Form 4: Workday Chief Accounting Officer Sells Shares to Cover Tax Obligations

Workday's Chief Accounting Officer, Mark S. Garfield, sold 576 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• Mark S. Garfield, Chief Accounting Officer at Workday, Inc., sold 576 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, Mr. Garfield beneficially owns 35,880 shares, which includes 34,937 restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It is neither positive nor negative for the company's outlook.

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 restricted stock units 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 restricted stock units as part of their compensation packages, leading to similar transactions by executives at other firms such as Salesforce, Oracle, and SAP.
• The number of shares sold and the price are consistent with typical transactions of this nature.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Workday, insider trading, Form 4, stock sale, restricted stock units, tax obligations, executive compensation, share transaction