Form 4: Workiva Director Vanderploeg Transfers Shares to Living Trust
SEC Form 4
Director Martin J. Vanderploeg reports a gift of Workiva shares to a revocable living trust and adjustments to beneficial ownership.
Summary
- On January 10, 2025, Martin J. Vanderploeg, a director at Workiva Inc., engaged in a transaction involving the company's stock.
- He gifted 9,806 shares of Class A Common Stock to a revocable living trust.
- This transaction resulted in a decrease of his directly held shares by 9,806, bringing the total to 314,985 shares.
- Simultaneously, the trust acquired 9,806 shares, increasing the indirectly held shares to 355,675.
- Vanderploeg also indirectly owns 710,562 shares of Class A Common Stock through a living trust and 491,270 shares through a charitable remainder trust.
- He also holds employee stock options to purchase Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction (gift to a trust) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders, as it primarily involves a transfer of ownership between the reporting person and their trust.
Key Dates
| Date | Description |
|---|---|
| 02/01/2017 | First vesting date for stock options granted at $14.74. |
| 02/01/2018 | First vesting date for stock options granted at $12.40. |
| 01/31/2026 | Expiration date for stock options granted at $14.74. |
| 01/31/2027 | Expiration date for stock options granted at $12.40. |
| 01/10/2025 | Date of stock gift to revocable living trust. |
| 01/14/2025 | Date of signature for the Form 4 filing. |
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