Form 4: Workday Executive Sells Shares

Workday Chief Accounting Officer Mark S. Garfield reported a disposition of Class A Common Stock, with shares withheld for tax obligations.

Summary

• Mark S. Garfield, Chief Accounting Officer at Workday, Inc., reported a transaction involving Class A Common Stock on July 5, 2026.
• A total of 3,490 shares were disposed of, with the transaction code 'F' indicating shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs).
• Following this transaction, Garfield beneficially owns 74,636 shares of Class A Common Stock.
• This ownership includes 105 shares purchased through the Employee Stock Purchase Program and 64,944 RSUs, each convertible into one share of Class A Common Stock upon settlement, subject to continued service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the disposition of shares is attributed to standard tax withholding procedures related to RSU vesting, a common practice for executives.

Positives

• The transaction involved shares withheld for tax obligations, which is a standard procedure for RSUs and does not necessarily indicate a sale driven by negative sentiment.
• Garfield continues to hold a significant number of shares (74,636) and RSUs (64,944), indicating ongoing commitment to the company.
• The purchase of 105 shares through the Employee Stock Purchase Program shows continued investment by the executive.

Negatives

• A disposition of 3,490 shares, even if for tax withholding, represents a reduction in the executive's direct holdings.
• The filing does not provide the specific value of the shares disposed of or the tax amount withheld.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for insider transactions. The withholding of shares for tax purposes upon RSU vesting is a common and expected event for executives in the technology sector, including companies like Workday.

Stakeholder Impact

• Shareholders: The disposition is a routine tax event and does not inherently signal a negative outlook for the company's stock. The executive's continued substantial holdings suggest ongoing alignment with shareholder interests.

Key Dates

Keywords

Form 4, SEC Filing, Workday, WDAY, Insider Transaction, Stock Disposition, Restricted Stock Units, RSU Vesting, Tax Withholding, Chief Accounting Officer, Beneficial Ownership