BHUSRI ANEEL 4

What Happened

• Aneel Bhusri, CEO and Director of Workday, received equity awards on March 5, 2026: 437,602 restricted stock units (RSUs) granted (acquired at $0.00) and 547,003 derivative/performance-based units granted (also $0.00). These are compensation awards (not open-market purchases or sales) and require continued service and/or performance conditions before shares are issued.

Key Details

• Transaction date and filing: Grants dated 2026-03-05; Form 4 filed 2026-03-09 (timely — within the 2-business-day reporting window).
• Award specifics:
  • 437,602 RSUs: vesting schedule — 25% on 03/05/2027, then quarterly thereafter; subject to continued service (Footnote F1).
  • 547,003 derivative/performance units (PVUs/PSUs): divided into four tranches tied to stock-price-based performance over a five-year period; if a tranche’s metrics are met, that tranche vests 1/20 each quarter over 20 quarters (Footnote F2).
• Price/Value: Both grants reported at $0.00 — typical for compensation grants (no cash paid at grant).
• Shares owned after transaction: Not specified in the filing.
• Other notable footnotes: filing discloses existing RSU/PSU counts referenced in F1 (585,613 RSUs and 9,182 PSUs included in the reporting person totals) and describes class A/B conversion/convertibility rules for the company’s stock (F3, F4).

Context

• These are equity compensation grants (transaction code A) and performance-contingent derivative awards — they do not represent an immediate purchase or sale of publicly traded shares and will only convert to tradable stock if vesting and performance conditions are met.
• Awards like this are routine for senior executives; they tie long-term incentive pay to continued service and company performance rather than signaling an immediate personal liquidity event.