4//SEC Filing
Subramanian Rakesh 4
Accession 0001209191-22-013180
CIK 0001725057other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 4:26 PM ET
Size
17.3 KB
Accession
0001209191-22-013180
Insider Transaction Report
Form 4
Subramanian Rakesh
EVP, Chief Revenue Officer
Transactions
- Award
Common Stock
2022-02-24+17,647→ 52,214 total - Award
Common Stock
2022-02-24+10,588→ 62,802 total - Award
Performance Units
2022-02-24+1,854→ 1,854 totalExp: 2023-02-24→ Common Stock (1,854 underlying) - Award
Performance Units
2022-02-24+17,647→ 17,647 totalExp: 2025-02-24→ Common Stock (17,647 underlying)
Holdings
- 2,288
Performance Units
Exp: 2022-05-07→ Common Stock (2,288 underlying) - 1,058
Performance Units
Exp: 2022-05-07→ Common Stock (1,058 underlying)
Footnotes (7)
- [F1]17,647 shares that are issuable pursuant to Restricted Stock Units (RSUs), granted on February 24, 2022, that vest in three annual installments beginning on February 24, 2023.
- [F2]10,588 shares that are issuable pursuant to RSUs, granted on February 24, 2022, that vest on June 30, 2023.
- [F3]Consists of (i) 243 shares of Common Stock, which includes 148 and 95 shares acquired under the Ceridian HCM Holding Inc. Global Employee Stock Purchase Plan on September 30, 2021 and December 31, 2021 respectively, (ii) shares that are issuable pursuant to RSUs, granted on May 7, 2021, of which 11,441 shares vest on each of May 7, 2022 and May 7, 2023, and 11,442 shares vest on May 7, 2024; (iii) shares issuable pursuant to RSUs, granted on February 24, 2022, of which 5,882 shares vest on each of February 24, 2023 and February 24, 2024 and 5,883 shares vest on February 24, 2025; and (iv) 10,588 shares issuable pursuant to RSUs, granted on February 24, 2022, which vest on June 30, 2023.
- [F4]Each performance stock unit represents a contingent right to receive between .25 and 1.50 shares of Common Stock based upon the degree to which one or both of the Cloud Revenue and Adjusted EBITDA Margin performance metrics under the Companys 2021 Management Incentive Plan are satisfied. The performance stock units vest upon the later of (i) the date the Compensation Committee or the Board of Directors of the Company certify that one or both of the performance metrics have been met and (ii) the one year anniversary of the date of grant.
- [F5]Each performance stock unit represents a contingent right to receive between .25 and 2.00 shares of Common Stock based upon the degree to which one or both of the PEPM at provisioning revenue and recurring ACV metrics contained in the performance stock unit award agreement are satisfied. The performance stock units vest upon the later of (i) the date the Compensation Committee or the Board of Directors of the Company certify that one or both of the performance metrics have been met, and (ii) the one year anniversary of the date of grant.
- [F6]Each performance stock unit ("PSU") represents a contingent right to receive shares of Common Stock based upon the degree to which one or more of the performance metrics under the Company's 2022 Management Incentive Plan ("2022 MIP") are satisfied. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance under the 2022 MIP. Based on actual results during the fiscal year ended December 31, 2022, the aggregate number of shares of Common Stock issued may range from zero shares to 167% of the target number of shares reported in columns 5, 7, and 9 of Table II. The PSUs will only vest upon the later of (i) the date the Compensation Committee or the Board of Directors of the Company certify that one or more of the performance metrics have been met under the 2022 MIP and (ii) the one year anniversary of the date of grant.
- [F7]Each performance stock unit ("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 ("PSU Agreement") are satisfied. The number of PSUs reported in columns 5, 7, and 9 of Table II reflects achievement at the target level of performance under the PSU Agreement. Based on actual results during the fiscal year ended December 31, 2022, the aggregate number of shares of Common Stock issued may range from zero shares to 167% of the target number of shares reported in columns 5, 7 and 9 of Table II. The PSUs will only vest if the achievement of one or more of the performance metrics under the PSU 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 one-third on each anniversary of the date of grant.
Documents
Issuer
Ceridian HCM Holding Inc.
CIK 0001725057
Entity typeother
Related Parties
1- filerCIK 0001856052
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 4:26 PM ET
- Size
- 17.3 KB