Workiva (NYSE: WK) director granted RSUs and uses 28,942 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORKIVA INC director Martin J. Vanderploeg reported routine equity compensation activity. He received a grant of 4,070 restricted stock units of Class A Common Stock at no cost under the Workiva Inc. 2014 Equity Incentive Plan, which will vest in three equal annual installments starting on the first anniversary of the grant date.
To cover withholding taxes on previously granted restricted stock units that vested, 28,942 Class A shares were delivered back to the issuer at $52.83 per share; this is a tax-withholding disposition rather than an open-market sale. After these updates, he continues to hold substantial equity through direct Class A shares, indirect holdings in a living trust, stock options, and Class B shares convertible into Class A.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
VANDERPLOEG MARTIN J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 28,942 | $52.83 | $1.53M |
| Grant/Award | Class A Common Stock | 4,070 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Employee Stock Option to Purchase Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 288,205 shares (Direct, null);
Class B Common Stock — 1,201,832 shares (Indirect, By living trust);
Employee Stock Option to Purchase Class A Common Stock — 200,204 shares (Direct, null);
Class A Common Stock — 439,885 shares (Indirect, By living trust)
Footnotes (1)
- Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock units previously granted. Grant of restricted stock units pursuant to the Workiva Inc. 2014 Equity Incentive Plan. Each share of Class B Common Stock is convertible, at any time at the election of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon (i) the date specified by the holders of at least 66 2/3% of the outstanding shares of Class B Common Stock, (ii) any transfer, except for certain "qualified transfers" (as defined in the Issuer's Certificate of Incorporation) or (iii) upon the death of a natural person holding shares of Class B Common Stock (subject to certain exceptions as defined in the Issuer's Certificate of Incorporation). Grant of stock option pursuant to the Workiva Inc. 2014 Equity Incentive Plan. Vests in three equal annual installments commencing on the first anniversary of the grant date.
Key Figures
RSU grant: 4,070 units
Tax-withholding shares: 28,942 shares
Tax-withholding price: $52.83/share
+5 more
8 metrics
RSU grant
4,070 units
Restricted stock units of Class A Common Stock granted at $0.00
Tax-withholding shares
28,942 shares
Class A shares delivered to issuer for withholding taxes
Tax-withholding price
$52.83/share
Price per share for 28,942 Class A shares used for taxes
Direct Class A holding after grant
292,275 shares
Total Class A Common Stock directly held after RSU grant
Stock option strike price
$12.40/share
Employee stock option to purchase Class A Common Stock
Option underlying shares
200,204 shares
Class A shares underlying employee stock option expiring 2027-01-31
Indirect Class B underlying
1,201,832 shares
Class A shares underlying convertible Class B Common Stock in trust
Indirect Class A holding
439,885 shares
Class A Common Stock held indirectly by living trust
Key Terms
restricted stock units, tax-withholding disposition, Workiva Inc. 2014 Equity Incentive Plan, Class B Common Stock, +1 more
5 terms
restricted stock units financial
"Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock units previously granted."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Workiva Inc. 2014 Equity Incentive Plan financial
"Grant of restricted stock units pursuant to the Workiva Inc. 2014 Equity Incentive Plan."
Class B Common Stock financial
"Each share of Class B Common Stock is convertible, at any time at the election of the holder, into one share of Class A Common Stock."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
convertible financial
"Each share of Class B Common Stock is convertible, at any time at the election of the holder, into one share of Class A Common Stock."
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What equity compensation did Workiva (WK) director Martin J. Vanderploeg receive?
Martin J. Vanderploeg received a grant of 4,070 restricted stock units of Workiva Class A Common Stock at no cost. The grant was made under the Workiva Inc. 2014 Equity Incentive Plan and represents routine, compensation-related equity rather than an open-market purchase.
How will Martin J. Vanderploeg’s new Workiva (WK) restricted stock units vest?
The new restricted stock units will vest in three equal annual installments, starting on the first anniversary of the grant date. This means one-third of the 4,070 units becomes deliverable each year over three years, aligning compensation with longer-term company performance.
What Workiva (WK) stock options does Martin J. Vanderploeg hold after this Form 4?
He holds an employee stock option to purchase 200,204 shares of Workiva Class A Common Stock at an exercise price of $12.40 per share. The option expires on January 31, 2027, providing potential future share acquisition if exercised before that date.