Workday (NASDAQ: WDAY) president reports RSU-related tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Workday, Inc. President and Chief Customer Officer Robert Enslin reported a routine tax-withholding transaction related to equity compensation. On this Form 4, 2,228 shares of Class A Common Stock were withheld by Workday at $147.91 per share to satisfy tax obligations from the vesting of restricted stock units (RSUs).
After this withholding, Enslin’s direct holdings total 250,477 shares of Class A Common Stock, which include 247,043 RSUs. Each RSU entitles him to receive one share upon settlement, provided he continues his service with Workday through the applicable vesting dates. The filing does not reflect an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Enslin Robert
Role
President, CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 2,228 | $147.91 | $330K |
Holdings After Transaction:
Class A Common Stock — 250,477 shares (Direct, null)
Footnotes (1)
- Represents shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the vesting of restricted stock units (RSUs). Includes 247,043 RSUs, each of which entitle the Reporting Person to receive one share of Class A Common Stock upon settlement. All grants are subject to the Reporting Person's continued service with the Issuer on the applicable vesting dates.
Key Figures
Shares withheld for taxes: 2,228 shares
Withholding price: $147.91 per share
Shares held after transaction: 250,477 shares
+1 more
4 metrics
Shares withheld for taxes
2,228 shares
Tax withholding on RSU vesting for Robert Enslin
Withholding price
$147.91 per share
Value used for tax-withholding shares
Shares held after transaction
250,477 shares
Direct Class A Common Stock holdings after withholding
RSUs outstanding
247,043 RSUs
RSUs held by Enslin, each for one Class A share
Key Terms
restricted stock units (RSUs), tax withholding obligation, vesting, Class A Common Stock
4 terms
restricted stock units (RSUs) financial
"in connection with the vesting of restricted stock units (RSUs)."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
tax withholding obligation financial
"to satisfy the tax withholding obligation in connection with the vesting"
vesting financial
"in connection with the vesting of restricted stock units (RSUs)."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Workday (WDAY) report for Robert Enslin?
Workday reported that President and CCO Robert Enslin had 2,228 Class A shares withheld to cover tax obligations from RSU vesting. This is a routine compensation-related tax-withholding event rather than an open-market purchase or sale of Workday stock.
Are Robert Enslin’s Workday RSUs mentioned in the Form 4 filing?
Yes. The filing notes Enslin holds 247,043 restricted stock units, each entitling him to one Workday Class A share upon settlement. All RSU grants remain subject to his continued service with the company on the respective vesting dates specified in the grant terms.
Does this Workday Form 4 show an open-market sale by Robert Enslin?
No. The Form 4 describes a tax-withholding disposition, where 2,228 shares were retained by Workday to pay taxes on RSU vesting. It does not report an open-market sale initiated by Enslin in the public market for Workday shares.