Form 4: Workiva Inc. Executive Ziegler Sells Shares to Cover Tax Obligations
SEC Filing
Brandon Ziegler, EVP, CLO, CAO & Corp Secretary of Workiva Inc., sold shares to cover withholding taxes related to vesting restricted stock units.
Summary
- On March 1, 2024, Brandon Ziegler, an executive at Workiva Inc., disposed of 786 shares of Class A Common Stock.
- The shares were sold at a price of $85.5.
- The transaction was to cover withholding taxes due upon the vesting of restricted stock units previously granted.
- Following the transaction, Ziegler still beneficially owns 102,166 shares of Workiva Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction for covering tax obligations related to stock compensation.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Sale of shares to cover tax obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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