Form 4: Workday Co-President Douglas A. Robinson Sells Shares to Cover Tax Obligations

Workday's Co-President, Douglas A. Robinson, sold shares of Class A Common Stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 5, 2024, Douglas A. Robinson, Co-President of Workday, Inc., sold 411 shares of Class A Common Stock.
• The sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• The shares were sold at prices ranging from $262.77 to $270.40 as part of a block trade.
• Following the transaction, Robinson directly owns 165,521 shares of Class A Common Stock, which includes 119,057 RSUs.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sale of shares to cover taxes on vested RSUs) and doesn't inherently indicate positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.

Stakeholder Impact

• The sale of shares could have a minor, temporary impact on the stock price due to the increased supply.
• The transaction is part of the company's equity incentive plan, which aims to align employee interests with shareholder value.

Key Dates