Form 4: Workiva CFO Jill Klindt Reports Stock Transactions

Jill Klindt, EVP, CFO & Treasurer of Workiva Inc., reports the acquisition and disposal of Class A Common Stock, including shares withheld for taxes and restricted stock units granted.

Summary

• On February 1, 2025, Jill Klindt disposed of 12,314 shares of Class A Common Stock at $98.22 per share to cover withholding taxes related to vesting restricted stock units.
• Following this transaction, Klindt directly owned 83,947 shares of Class A Common Stock.
• On February 3, 2025, Klindt acquired 32,018 restricted stock units at a price of $97.29 per share.
• These restricted stock units vest in three equal annual installments starting on the first anniversary of the grant date.
• Following this acquisition, Klindt directly owns 115,965 shares of Class A Common Stock.
• 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 and expires on July 2, 2027.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine stock transactions by an executive. The grant of restricted stock units is generally a positive sign, aligning management with shareholder interests, but the sale of shares for tax purposes is a neutral event.

Positives

• The grant of restricted stock units to the CFO aligns her interests with the long-term performance of the company.

Future Outlook

NA

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors to gauge management's sentiment and alignment with shareholder interests.

Comparison to Industry Standards

• Stock option and restricted stock unit grants are common compensation practices for executives in publicly traded companies, including Workiva's peers in the software and technology sectors.
• Companies like Salesforce, Adobe, and Intuit also utilize similar equity-based compensation plans to incentivize and retain key personnel.
• The vesting schedules and terms of these grants are generally in line with industry standards, promoting long-term commitment and performance.

Stakeholder Impact

• The stock transactions of company executives are of interest to shareholders as they provide insights into management's perspective on the company's value and future prospects.

Key Dates