Form 4: Workday Executive Disposes Shares for Tax Obligations Ahead of Vesting

Workday's President of Product and Technology, Gerrit S. Kazmaier, reported the disposition of 2,757 shares of Class A Common Stock to satisfy tax withholding obligations related to restricted stock unit vesting.

Summary

• Gerrit S. Kazmaier, President, Product and Technology at Workday, Inc. (WDAY), is the reporting person.
• The transaction involved the disposition of 2,757 shares of Class A Common Stock.
• The shares were disposed of at a price of $241.76 per share.
• The purpose of the disposition was to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs).
• Following this transaction, Gerrit S. Kazmaier beneficially owns 120,968 shares of Class A Common Stock.
• This beneficial ownership includes 117,539 Restricted Stock Units (RSUs), each entitling the reporting person to receive one share of Class A Common Stock upon settlement.
• All RSU grants are subject to the reporting person's continued service with Workday, Inc. on the applicable vesting dates.
• The earliest transaction date reported is July 5, 2025.

Sentiment

Score: 5

Explanation: This Form 4 reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment about the company's performance or outlook.

Future Outlook

NA

Industry Context

This Form 4 filing reports a routine insider transaction related to executive compensation and tax obligations, which is a common occurrence across all industries and does not reflect specific industry trends or competitive dynamics.

Stakeholder Impact

• This routine transaction has minimal direct impact on shareholders, employees, customers, suppliers, or creditors as it relates to a standard tax obligation for executive compensation.

Key Dates

Recommendation

Keywords

Workday, WDAY, Form 4, insider transaction, stock disposition, tax withholding, RSU, restricted stock units, Gerrit S. Kazmaier