Form 4: Workday Co-President Sayan Chakraborty Reports Stock Transaction
SEC Form 4 Filing
Sayan Chakraborty, Co-President of Workday, Inc., reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On November 5, 2024, Sayan Chakraborty, Co-President of Workday, Inc., had 4,278 Class A Common Stock shares withheld by the issuer to cover tax obligations related to the vesting of restricted stock units (RSUs) at a price of $241.14.
- Following the transaction, Chakraborty directly owns 126,598 shares of Class A Common Stock, which includes 120,476 restricted stock units (RSUs).
- Chakraborty also indirectly owns 9,716 shares of Class A Common Stock through the S. Chakraborty and J. Franklin Living Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine transaction related to tax obligations on vested RSUs.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for maintaining market confidence.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Date of stock transaction (shares withheld for tax obligations). |
| 11/07/2024 | Date of signature for the Form 4 filing. |
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