Form 4: Workiva CEO Julie Iskow Reports Stock Transactions Following PSU Vesting

Julie Iskow, President & CEO of Workiva Inc, reports acquisition and disposal of Class A Common Stock related to performance-based restricted stock units (PSUs) and tax obligations.

Summary

• On March 1, 2025, Julie Iskow, President & CEO of Workiva Inc, reported transactions involving Workiva's Class A Common Stock.
• These transactions are related to the vesting of performance-based restricted stock units (PSUs) granted on March 1, 2024.
• A total of 3,812 shares were acquired upon vesting of the PSUs, which vested at 186.2% of the target for the 2024 performance period.
• 2,053 shares were disposed of to cover withholding taxes at a price of $87.52 per share.
• An additional 4,486 shares were disposed of to cover withholding taxes due upon the vesting of restricted stock units, also at $87.52 per share.
• Following these transactions, Iskow directly owns 367,571 shares of Workiva Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the vesting of PSUs above target, indicating strong performance. However, the subsequent disposal of shares for tax obligations is a neutral event.

Positives

• The vesting of PSUs at 186.2% of target suggests strong performance during the 2024 performance period.

Future Outlook

Additional PSUs will vest following the completion of the remaining calendar years in the three-year performance period, subject to continued employment and achievement of revenue growth rate goals.

Industry Context

Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company executives and directors.

Comparison to Industry Standards

• Similar to other publicly traded companies, Workiva uses performance-based restricted stock units (PSUs) as part of its executive compensation package to align management's interests with those of shareholders.
• The vesting of PSUs based on performance metrics is a common practice, with the specific metrics and vesting percentages varying across companies and industries.
• Companies like Salesforce and Adobe also utilize PSUs in their compensation plans, with vesting often tied to revenue growth, customer acquisition, or product development milestones.

Stakeholder Impact

• Shareholders may view the vesting of PSUs above target as a positive sign of company performance.
• The transactions have a neutral impact on employees, customers, suppliers, and creditors.

Key Dates