Form 4: Workday Co-President Douglas A. Robinson Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Workday's Co-President, Douglas A. Robinson, disposed of 4,199 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On July 5, 2024, Douglas A. Robinson, Co-President of Workday, Inc., disposed of 4,199 shares of Class A Common Stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- The shares were disposed of at a price of $225.55 per share.
- Following the transaction, Robinson beneficially owns 199,465 shares, which includes 135,622 RSUs.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of stock disposal transaction |
| 07/09/2024 | Date of signature on the Form 4 filing |
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