Form 4: Workday Director Michael McNamara Reports Acquisition of Class A Common Stock and Restricted Stock Units

Director Michael McNamara reported acquiring 1,837 shares of Class A Common Stock and 1,837 restricted stock units (RSUs) of Workday, Inc.

Summary

• Michael McNamara, a director of Workday, Inc., filed a Form 4 with the SEC.
• The report details changes in his beneficial ownership of Workday securities.
• On June 18, 2024, McNamara acquired 1,837 shares of Class A Common Stock.
• These shares were acquired at a price of $0.
• McNamara also acquired 1,837 restricted stock units (RSUs) on the same date.
• These RSUs will vest 100% on May 5, 2025, entitling him to one share of Class A Common Stock per unit upon settlement.
• Following these transactions, McNamara directly owns 27,893 shares of Class A Common Stock.
• He also indirectly owns 1,000 shares through The McNamara Family Trust U/A DTD 10/11/2001.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by a company director. The acquisition of shares and RSUs could be interpreted as a positive sign, but it's not definitively indicative of strong positive sentiment.

Positives

• Director's acquisition of shares and RSUs may signal confidence in Workday's future performance.

Future Outlook

The RSUs will vest 100% on 5/5/2025, subject to 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.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates