BHUSRI ANEEL 4
4 · Workday, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Workday (WDAY) CEO Aneel Bhusri Receives 9,182-Share PSU Award
What Happened
- Aneel Bhusri, CEO and Director of Workday, was granted/acquired 9,182 performance stock units (PSUs) on February 26, 2026. The award is recorded at $0.00 per share (transaction code A — award/grant). The PSUs were certified by the Compensation Committee as having met the performance criteria for the Feb 1, 2025 – Jan 31, 2026 performance period and will vest in full on April 5, 2028, subject to Mr. Bhusri’s continued service. Each PSU converts to one share of Class A common stock upon settlement.
Key Details
- Transaction date: 2026-02-26; filing date (Form 4): 2026-03-02 (timely within SEC two-business-day requirement).
- Transaction type/code: Award/Grant (A); price reported: $0.00 per unit.
- Units awarded: 9,182 PSUs (will settle into 9,182 shares upon vesting and settlement).
- Shares/units reported after transaction (per footnote): 148,011 restricted stock units (RSUs) and 9,182 PSUs (unvested), each entitling the holder to one share upon settlement.
- Notable footnotes: PSUs certified for the 2025 performance period; vesting date April 5, 2028 subject to continued service. Footnotes also describe Class A/B conversion mechanics for Workday’s capital structure.
Context
- This filing reflects a performance-based equity award, not an open-market purchase or sale — it does not involve cash changing hands now and does not indicate an immediate trading decision. PSUs are conditional grants that convert into shares only if performance and service conditions are met and the award vests. For retail investors, such awards are common compensation for executives and are different from outright stock purchases or sales.
Insider Transaction Report
Form 4
Workday, Inc.WDAY
BHUSRI ANEEL
DirectorCEO
Transactions
- Award
Class A Common Stock
[F1][F2]2026-02-26+9,182→ 587,921 total
Holdings
- 8,126,443
Class B Common Stock
[F3][F4]→ Class A Common Stock (8,126,443 underlying) - 5,000(indirect: By Children)
Class B Common Stock
[F3][F4]→ Class A Common Stock (5,000 underlying)
Footnotes (4)
- [F1]These shares were acquired upon the certification by the Compensation Committee of the Board of Directors on February 26, 2026 of the satisfaction of performance criteria for the February 1, 2025 through January 31, 2026 performance period underlying an award of performance stock units (PSUs) granted to the Reporting Person on April 21, 2025 under the terms of Workday's 2022 Equity Incentive Plan and applicable PSU award agreement. The PSUs will vest in full on April 5, 2028, subject to the Reporting Person's continuous service with the Issuer on the vesting date.
- [F2]Includes 148,011 restricted stock units (RSUs) and 9,182 PSUs, 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.
- [F3]All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock, (b) the date when the number of outstanding shares of Class B Common Stock represents less than 9% of all outstanding shares of Class A and Class B Common Stock, (c) October 11, 2032 or (d) nine (9) months after the death of the later to die of David A. Duffield and Aneel Bhusri. The shares of Class A and Class B Common Stock have no expiration date.
- [F4]Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect as of the date hereof. The shares of Class B Common Stock have no expiration date.
Signature
/s/ Juliana Capata, attorney-in-fact|2026-03-02