4//SEC Filing
Armstrong Christopher R 4
Accession 0000950170-24-023879
CIK 0001725057other
Filed
Feb 29, 7:00 PM ET
Accepted
Mar 1, 4:17 PM ET
Size
20.5 KB
Accession
0000950170-24-023879
Insider Transaction Report
Form 4
Armstrong Christopher R
EVP, Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2024-02-28$71.05/sh−4,169$296,207→ 126,812 total - Tax Payment
Common Stock
2024-02-28$71.05/sh−1,278$90,802→ 125,534 total - Tax Payment
Common Stock
2024-02-28$71.05/sh−3,388$240,717→ 122,146 total
Holdings
- 107,244
Option (right to buy)
Exercise: $65.26Exp: 2030-05-08→ Common Stock (107,244 underlying) - 18,282
Performance Units
Exp: 2033-02-28→ Common Stock (18,282 underlying) - 50,000
Option (right to buy)
Exercise: $44.91Exp: 2029-02-08→ Common Stock (50,000 underlying) - 6,177
Performance Units
Exp: 2031-03-08→ Common Stock (6,177 underlying) - 8,227
Performance Units
Exp: 2033-02-28→ Common Stock (8,227 underlying) - 2,301
Option (right to buy)
Exercise: $44.91Exp: 2029-02-08→ Common Stock (2,301 underlying) - 5,880
Performance Units
Exp: 2032-02-24→ Common Stock (5,880 underlying)
Footnotes (10)
- [F1]In connection with the vesting of 9,141 shares of common stock of the Issuer ("Common Stock") on February 28, 2024, subject to a restricted stock unit ("RSU") award granted on February 28, 2023, 4,169 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the RSU award agreement and 4,972 shares of Common Stock were issued to the reporting person.
- [F10]Given the Company's performance in 2022 and pursuant to the terms of the PSU award agreement, each PSU granted on February 24, 2022 will convert into 1 share of Common Stock upon vesting. The vesting of 5,880 PSUs occurs on February 24, 2025.
- [F2]In connection with the vesting of 2,801 shares of Common Stock on February 28, 2024, subject to a performance stock unit ("PSU") award granted on February 28, 2023, 1,278 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the PSU award agreement and 1,523 shares of Common Stock were issued to the reporting person.
- [F3]In connection with the vesting of 7,428 shares of Common Stock on February 28, 2024, subject to a PSU award granted on February 28, 2023, 3,388 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the PSU award agreement and 4,040 shares of Common Stock were issued to the reporting person.
- [F4]Includes (i) 90,628 shares of Common Stock; (ii) shares of Common Stock issuable pursuant to RSUs, granted on March 8, 2021, of which 6,177 shares vest on March 8, 2024; (iii) shares of Common Stock issuable pursuant to RSUs, granted on February 24, 2022, of which 7,059 shares vest on February 24, 2025; and (iv) shares of Common Stock issuable pursuant to RSUs, granted on February 28, 2023, of which 9,141 shares vest on each of February 28, 2025 and February 28, 2026.
- [F5]Fully vested and exercisable.
- [F6]Consists of 80,433 vested and exercisable options as of May 8, 2023 and 26,811 options that vest and become exercisable on May 8, 2024.
- [F7]Given the Company's performance in 2021 and pursuant to the terms of the PSU award agreement, each PSU granted on March 8, 2021 will convert into 1 share of Common Stock upon vesting. The vesting of 6,177 PSUs occurs on March 8, 2024.
- [F8]Each PSU represents a contingent right to receive shares of Common Stock based upon the degree to which the performance metric contained in the PSU award agreement is satisfied. The number of PSUs reported in columns 7 and 9 of Table II reflects achievement at the target level of performance under the PSU award agreement. Based on actual results during the period beginning January 1, 2023 and ending December 31, 2025, the aggregate number of shares of Common Stock issued may range from zero shares to 200% of the target number of shares reported in columns 7 and 9 of Table II. The PSUs will only vest if the achievement of the performance metric under the PSU award agreement is certified to have been met by the Compensation Committee or the Board of Directors of the Company, and then any such certified amount will vest on February 28, 2026.
- [F9]Each PSU represents a contingent right to receive shares of Common Stock based upon the degree to which one or more of the performance metrics contained in the PSU award agreement are satisfied annually over a three year period. The number of PSUs reported in column 9 of Table II reflects achievement at the target level of performance under the PSU award agreement. Based on actual results during each of the preceding period beginning on January 1 and ending December 31, the aggregate number of shares of Common Stock issued may range from zero shares to 167% of the target number of shares reported in column 9 of Table II. The PSUs will only vest if the achievement of one or more of the annual performance metrics under the PSU award agreement is certified to have been met by the Compensation Committee or the Board of Directors of the Company for the prior period, and then any such certified amount will vest on the anniversary of the date of grant.
Documents
Issuer
Dayforce, Inc.
CIK 0001725057
Entity typeother
Related Parties
1- filerCIK 0001775448
Filing Metadata
- Form type
- 4
- Filed
- Feb 29, 7:00 PM ET
- Accepted
- Mar 1, 4:17 PM ET
- Size
- 20.5 KB