BHUSRI ANEEL 4

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.