Form 4: Workday Director Lynne M. Doughtie Reports Acquisition of Class A Common Stock

Director Lynne M. Doughtie reports acquiring 1,724 shares of Workday Class A Common Stock on June 18, 2024, and beneficially owning 10,194 shares following the transaction.

Summary

• On June 18, 2024, Lynne M. Doughtie, a director of Workday, Inc. acquired 1,724 shares of Class A Common Stock.
• The acquisition was made at a price of $0.
• Following the transaction, Doughtie beneficially owns 10,194 shares of Class A Common Stock.
• The reported holdings include 2,276 restricted stock units (RSUs), each entitling the holder to one share of Class A Common Stock upon settlement.
• 1,724 of these RSUs are from an original grant on June 18, 2024, and will vest 100% on May 5, 2025, contingent upon continued service with Workday.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing a transaction. The acquisition of shares by a director could be seen as mildly positive, indicating confidence, but it's not a major event.

Positives

• The director's acquisition of shares may signal confidence in the company's future prospects.

Future Outlook

The vesting of RSUs on May 5, 2025, is contingent upon the Reporting Person's continued service with Workday.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, in their company's stock. This allows investors to monitor insider sentiment and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The vesting of RSUs incentivizes the director to remain with the company, potentially benefiting shareholders.

Key Dates