Form 4: Workiva Executive Ziegler Boosts Stake via PSU Vesting

Workiva's EVP, CLO, CAO & Corp Secretary, Brandon Ziegler, acquired shares through performance-based restricted stock unit vesting, while also selling shares for tax obligations.

Summary

• Brandon Ziegler, EVP, CLO, CAO & Corp Secretary of Workiva Inc. (WK), reported several transactions on February 11, 2026.
• Acquired 5,954 shares of Class A Common Stock from performance restricted stock units (PSUs) granted on February 1, 2023, which vested at 162.5% of the target for the 2023-2025 performance period.
• Acquired 7,340 shares of Class A Common Stock from PSUs granted on February 1, 2024, which vested at 200% of the target for the 2024-2025 performance period.
• Acquired 3,803 shares of Class A Common Stock from PSUs granted on February 3, 2025, which vested at 100% of the target for the 2025 performance period.
• Disposed of 8,730 shares of Class A Common Stock at a price of $64.95 per share to cover withholding taxes due upon the vesting of previously granted PSUs.
• Following these transactions, Brandon Ziegler beneficially owns 132,640 shares of Class A Common Stock directly.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a positive indicator of strong company performance, as evidenced by the high vesting percentages of performance-based restricted stock units for a key executive, particularly the 200% vesting for the 2024-2025 period.

Positives

• Performance restricted stock units (PSUs) granted in 2023-2025 vested at 162.5% of target, indicating strong performance against set conditions.
• PSUs granted in 2024-2025 vested at an exceptional 200% of target, demonstrating outstanding achievement of performance goals.
• The executive's overall beneficial ownership of Class A Common Stock increased to 132,640 shares after all transactions, reflecting continued alignment with shareholder interests.

Negatives

• 8,730 shares of Class A Common Stock were disposed of to satisfy tax withholding obligations, which is a standard practice but reduces the executive's direct shareholding.

Future Outlook

Additional performance restricted stock units (PSUs) from the 2024-2025 and 2025 grants will vest following the completion of the remaining calendar years in their respective three-year performance periods, subject to the continued employment of the Reporting Person and achievement of applicable annual revenue growth rate goals.

Industry Context

StockSavvy.ai notes that performance-based equity awards are a common incentive structure in the technology and software industry, aligning executive interests with shareholder value creation through specific performance targets like revenue growth. The high vesting percentages observed here suggest strong operational execution against internal benchmarks.

Comparison to Industry Standards

• StockSavvy.ai notes that vesting at 162.5% and 200% of target for performance-based restricted stock units is significantly above average, indicating strong performance against internal metrics. For example, many companies in the SaaS sector typically see PSU vesting closer to 100-120% of target for meeting expected performance. The 200% vesting suggests exceptional achievement relative to the initial goals set for the 2024-2025 period.

Stakeholder Impact

• Shareholders: Positive, as the high PSU vesting percentages suggest strong company performance against internal targets, which could lead to increased shareholder value.
• Employees: Positive, as it demonstrates the company's commitment to performance-based incentives and rewards for achieving ambitious goals, potentially boosting morale and retention.

Next Steps

• Additional PSUs from the 2024-2025 and 2025 grants are subject to future vesting based on continued employment and achievement of annual revenue growth rate goals for the remaining calendar years in their respective performance periods.

Key Dates

Recommendation

The filing indicates strong performance against internal targets, as evidenced by the high vesting percentages of performance-based restricted stock units for a key executive. While this is a positive signal, a Form 4 primarily reports insider transactions and does not provide comprehensive financial results or strategic updates to warrant a 'buy' or 'sell' recommendation. Investors should hold and await broader financial disclosures for a more complete picture.

Keywords

Workiva, WK, Brandon Ziegler, Form 4, Insider Trading, Performance Stock Units, PSUs, Executive Compensation, Stock Vesting, Share Acquisition, Tax Withholding