Form 4: Workiva Director Vanderploeg Reports Stock Transactions
SEC Form 4 Filing
Director Martin J. Vanderploeg reports changes in beneficial ownership of Workiva Inc. stock due to tax withholding and holdings in trusts.
Summary
- On September 1, 2024, Workiva Inc. Director Martin J. Vanderploeg reported transactions involving Class A Common Stock.
- 2,071 shares were delivered to the issuer for payment of withholding taxes due upon the vesting of restricted stock units at a price of $78.17.
- Following the reported transactions, Vanderploeg directly owns 324,791 shares of Class A Common Stock.
- Vanderploeg also indirectly owns 341,869 shares of Class A Common Stock through a living trust.
- Additionally, Vanderploeg indirectly holds derivative securities including options exercisable into 84,210 and 200,204 shares of Class A Common Stock, and convertible Class B Common Stock through a living trust and a charitable remainder trust.
- The report was filed on September 4, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes and does not indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their trading activities and ownership positions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- The tax withholding impacts the director's personal finances.
Key Dates
| Date | Description |
|---|---|
| 02/01/2017 | Date Employee Stock Option to Purchase Class A Common Stock was granted at $14.74 |
| 02/01/2018 | Date Employee Stock Option to Purchase Class A Common Stock was granted at $12.4 |
| 09/01/2024 | Date of the reported stock transactions. |
| 09/04/2024 | Date the Form 4 was signed. |
| 01/31/2026 | Expiration date of Employee Stock Option to Purchase Class A Common Stock granted on 02/01/2017 |
| 01/31/2027 | Expiration date of Employee Stock Option to Purchase Class A Common Stock granted on 02/01/2018 |
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