Form 4: Workday Co-President Chakraborty Receives Stock Awards

Sayan Chakraborty, Co-President of Workday, Inc., reports the acquisition of restricted stock units and updates to beneficial ownership.

Summary

• Sayan Chakraborty, Co-President of Workday, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 52,354 shares of Class A Common Stock on April 22, 2024, at a price of $0.
• Following the transaction, Chakraborty directly owns 140,559 shares of Class A Common Stock.
• Chakraborty also indirectly owns 9,716 shares of Class A Common Stock through the S. Chakraborty and J. Franklin Living Trust.
• The reported holdings include 140,027 restricted stock units (RSUs), each convertible to one share of Class A Common Stock upon settlement.
• 52,354 of these RSUs were granted on April 22, 2024, and will vest as to 25% on April 5, 2025, and then quarterly thereafter, contingent upon continued service with Workday.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence, but doesn't contain groundbreaking news.

Positives

• The acquisition of RSUs indicates confidence in Workday's future performance by a key executive.

Future Outlook

The vesting of RSUs is contingent upon the Reporting Person's continued service with the Issuer on the applicable vesting dates.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The vesting of RSUs aligns executive interests with shareholder value.

Key Dates