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

Workday's Chief Legal Officer, Richard Harry Sauer, reported the disposition of 3,458 shares of Class A Common Stock at $241.76 per share to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Richard Harry Sauer, Workday, Inc.'s Chief Legal Officer and Secretary, reported a transaction on July 5, 2025.
• The transaction involved the disposition of 3,458 shares of Class A Common Stock.
• The shares were disposed of at a price of $241.76 per share.
• This disposition was to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs).
• Following this transaction, Richard Harry Sauer beneficially owns 98,076 shares of Class A Common Stock.
• The total beneficial ownership includes 76,688 Restricted Stock Units (RSUs), each entitling the reporting person to one share of Class A Common Stock upon settlement, subject to continued service.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes related to RSU vesting, which is a neutral event for the company's operational or financial performance.

Positives

• The vesting of restricted stock units (RSUs) indicates the fulfillment of compensation agreements for the Chief Legal Officer, aligning executive interests with shareholder value over time.

Negatives

• The disposition of shares, even for tax purposes, slightly reduces the direct equity stake of the Chief Legal Officer in the company.

Future Outlook

The document does not provide any forward-looking statements or guidance beyond the nature of the RSU vesting schedule.

Industry Context

This filing is a routine disclosure of an insider stock transaction, common in publicly traded companies, particularly those that utilize restricted stock units (RSUs) as a significant component of executive compensation. It does not directly reflect broader industry trends but is a standard practice within the technology sector for managing executive equity compensation.

Stakeholder Impact

• Shareholders: The transaction is a routine administrative event related to executive compensation and is unlikely to have a significant direct impact on shareholders. It represents a minor reduction in the executive's direct shareholding.

Key Dates

Keywords

Workday, WDAY, Form 4, insider transaction, stock disposition, RSU, restricted stock units, tax withholding, executive compensation