Form 4: Workiva CFO Jill Klindt Reports Stock Transaction
SEC Form 4 Filing
Jill Klindt, EVP, CFO & Treasurer of Workiva Inc., reports disposition of shares to cover withholding taxes upon vesting of restricted stock units.
Summary
- On September 1, 2024, Jill Klindt, the EVP, CFO & Treasurer of Workiva Inc., reported a transaction involving Class A Common Stock.
- Klindt disposed of 2,523 shares at a price of $78.17 per share to cover withholding taxes due upon the vesting of restricted stock units.
- Following the transaction, Klindt directly owns 96,261 shares of Workiva Inc.
- Klindt also holds an employee stock option to purchase 25,000 shares of Class A Common Stock at an exercise price of $18.60, granted on July 3, 2018, which vests over time.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate a significant change in the executive's holdings or confidence in the company.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/03/2018 | Grant date of employee stock option. |
| 07/02/2027 | Expiration date of employee stock option. |
| 09/01/2024 | Date of stock transaction (disposal of shares). |
| 09/04/2024 | Date of Form 4 filing. |
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