Form 4: Workday's Chief Legal Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Richard Harry Sauer, Chief Legal Officer & Secretary of Workday, Inc., sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 5, 2024, Richard Harry Sauer, the Chief Legal Officer & Secretary of Workday, Inc., engaged in a transaction involving Class A Common Stock.
- Sauer disposed of 3,085 shares at a price of $242.35 per share to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
- Following the transaction, Sauer beneficially owns 88,929 shares, which includes 75,061 restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares for tax obligations) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/05/2024 | Date of the stock transaction (disposal of shares). |
| 10/08/2024 | Date of signature on the SEC Form 4 filing. |
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