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 10,778 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On April 5, 2024, Douglas A. Robinson, Co-President of Workday, Inc., disposed of 10,778 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 $269.08 per share.
- Following the transaction, Robinson beneficially owns 154,743 shares, which includes 93,911 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Date of stock disposal transaction |
| 04/09/2024 | Date of signature on the Form 4 filing |
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