Form 4: Workday Director Michael Speiser Acquires 1,555 Shares of Class A Common Stock

Director Michael Speiser reports acquisition of 1,555 shares of Workday Class A Common Stock on June 18, 2024.

Summary

• On June 18, 2024, Michael Speiser, a director of Workday, Inc., acquired 1,555 shares of Class A Common Stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Speiser beneficially owns 1,555 shares.
• These shares include 1,555 restricted stock units (RSUs) from an original grant with a grant date of 6/18/2024, each of which entitle the Reporting Person to receive one share of Class A Common Stock upon settlement, which will vest 100% on 5/5/2025.
• The reporting person shares pecuniary interest in these shares with other parties pursuant to contractual relationships.
• The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest in these shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard insider transaction (acquisition of RSUs). It's generally positive when insiders increase their holdings, but the impact is limited as it's part of a compensation package.

Positives

• A director's acquisition of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The acquired restricted stock units (RSUs) will vest on May 5, 2025, contingent upon the Reporting Person's continued service with Workday.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future performance. This transaction represents a director's increased stake in Workday.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment, as it signals confidence from a company director.

Key Dates