Form 4 for WDAY Workday, Inc.
Accepted 2022-12-30 00:00:00 ET · period of report 2022-12-28 · accession 0001327811-22-000199 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2022-12-30 | 2022-12-28 | WDAY | Eschenbach Carl M. | Co-CEO, Dir | A - Grant | $0.00 | +698.4K | 706.6K | +8,471% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-12-28 | A | A | 30,365 | $0.00 | 38,610 | D | — | — | (F1) All grants are subject to the Reporting Person's continued service with Workday on each applicable vesting date. (F2) Includes 32,767 restricted stock units (RSUs) that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement of (i) 2,402 RSUs with a grant date of 6/22/2022, which will vest 100% on 5/15/2023, and (ii) an original grant of 30,365 RSUs with a grant date of 12/28/2022, which will vest as to 1/4 of the underlying shares on each of the first four quarterly anniversaries of 12/05/2022, with vesting contingent upon the Reporting Person's purchase of shares of Workday Class A Common Stock on the public market with a fair market value of $2,000,000.00 within 12 months following 12/20/2022, provided that no shares subject to the award shall vest until the first quarterly vesting date on or following the date which is 10 trading days following the date on which the Reporting Person provides notice and reasonable documentation of his completion of such stock purchase (such condition, the Vesting Condition). |
| 2 | Common | Class A Common Stock | 2022-12-28 | A | A | 60,730 | $0.00 | 99,340 | D | — | — | (F1) All grants are subject to the Reporting Person's continued service with Workday on each applicable vesting date. (F3) Includes 93,497 RSUs that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement of (i) the RSUs as set forth in footnote 2 of this Form 4, and (ii) an original grant of 60,730 RSUs with a grant date of 12/28/2022, which will vest as to 1/4 of the underlying shares on 3/5/2023, and then quarterly thereafter. |
| 3 | Common | Class A Common Stock | 2022-12-28 | A | A | 303,650 | $0.00 | 402,990 | D | — | — | (F1) All grants are subject to the Reporting Person's continued service with Workday on each applicable vesting date. (F4) Includes 397,147 RSUs that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement of (i) the RSUs as set forth in footnotes 2 and 3 of this Form 4, and (ii) an original grant of 303,650 RSUs with a grant date of 12/28/2022, which will vest as to 1/16th of the underlying shares on 3/5/2023, and then quarterly thereafter. |
| 4 | Common | Class A Common Stock | 2022-12-28 | A | A | 303,650 | $0.00 | 706,640 | D | — | — | (F5) This reflects 303,650 shares of Class A Common Stock subject to a performance RSU (PRSU) that is divided into three tranches, with each tranche representing the Reporting Person's right to acquire 1/3 of the shares subject to the award. The PRSUs shall vest subject to the achievement of certain performance metrics based on the Issuer's stock price over a five-year performance period. Subject to the achievement of the performance metrics applicable to each tranche, the shares subject to an achieved tranche shall vest as to 1/60 of such tranche's shares on each of the 60 monthly anniversaries of 12/05/2022. If unachieved during its applicable performance period, the underlying shares in Tranche 1 and/or Tranche 2 will "roll forward" and may be earned in a later performance period, but only if the performance metric for such later performance period is achieved. (F1) All grants are subject to the Reporting Person's continued service with Workday on each applicable vesting date. (F6) Includes 700,797 RSUs that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement of (i) the RSUs as set forth in footnotes 2, 3, and 4 of this Form 4, and (ii) an original grant of 303,650 PRSUs with a grant date of 12/28/2022, which will vest as set forth in footnote 5 to this Form 4. |