Form 4: Workday's Chief Accounting Officer Sells Shares Under 10b5-1 Trading Plan

Mark S. Garfield, Workday's Chief Accounting Officer, sold 472 shares of Class A Common Stock at an average price of $248.24 on January 13, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 13, 2025, Mark S. Garfield, the Chief Accounting Officer of Workday, Inc., sold 472 shares of Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on October 12, 2024.
• The shares were sold at a weighted average price of $248.24, with individual transactions ranging from $248.24 to $249.2399.
• Following the transaction, Garfield directly owns 35,408 shares, which includes 34,937 restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine disclosure of an insider stock sale under a pre-arranged trading plan, and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine disclosure of an insider stock sale, common among executives who often use pre-arranged trading plans to avoid accusations of trading on inside information. It's a standard practice in publicly traded companies.

Stakeholder Impact

• The stock sale by an executive could have a minor psychological impact on shareholders, but is unlikely to have a significant material impact given the relatively small number of shares sold and the pre-planned nature of the transaction.

Key Dates