4//SEC Filing
Subramanian Rakesh 4
Accession 0001209191-22-028077
CIK 0001725057other
Filed
May 9, 8:00 PM ET
Accepted
May 10, 4:28 PM ET
Size
23.1 KB
Accession
0001209191-22-028077
Insider Transaction Report
Form 4
Subramanian Rakesh
EVP, Chief Revenue Officer
Transactions
- Sale
Common Stock
2022-05-09$53.00/sh−3,569$189,157→ 59,441 total - Exercise/Conversion
Common Stock
2022-05-07+1,396→ 61,573 total - Exercise/Conversion
Performance Units
2022-05-07−1,058→ 0 totalExp: 2022-05-07→ Common Stock (1,058 underlying) - Exercise/Conversion
Common Stock
2022-05-07+1,058→ 60,499 total - Sale
Common Stock
2022-05-09$52.98/sh−322$17,060→ 60,177 total - Exercise/Conversion
Performance Units
2022-05-07−1,396→ 0 totalExp: 2022-05-07→ Common Stock (1,396 underlying) - Sale
Common Stock
2022-05-09$53.00/sh−424$22,472→ 61,149 total
Holdings
- 1,854
Performance Units
Exp: 2023-02-24→ Common Stock (1,854 underlying) - 17,647
Performance Units
Exp: 2025-02-24→ Common Stock (17,647 underlying)
Footnotes (10)
- [F1]3,569 shares of common stock were sold to cover withholding taxes as required pursuant to the terms of the restricted stock unit ("RSU") award agreement and 7,872 shares of common stock were issued to the Reporting Person in connection with the vesting of 11,441 RSUs on May 7, 2022.
- [F10]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 ("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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.98 to $53.7144 inclusive. The reporting person undertakes to provide Ceridian HCM Holding Inc., any security holder of Ceridian HCM Holding Inc. or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Given the Company's performance in 2021 and pursuant to the terms of the Company's 2021 Management Incentive Plan, each performance stock unit ("PSU") granted on May 7, 2021 converted into 1 share of common stock upon vesting. The vesting of 1,058 PSUs occurred on May 7, 2022.
- [F4]322 shares of common stock were sold to cover withholding taxes as required pursuant to the terms of the PSU award agreement and 736 shares of common stock were issued to the Reporting Person in connection with the vesting of 1,058 PSUs on May 7, 2022.
- [F5]On May 7, 2021, the Reporting Person was granted 2,288 PSUs, the vesting of which was subject to the achievement of performance metrics pursuant to the terms of the PSU award agreement. Each PSU represented a contingent right to receive between .25 and 2.00 shares of common stock based upon the degree to which the performance metrics were achieved. With the prior certification of achievement of the performance metrics by the Compensation Committee and pursuant to the terms of the PSU award agreement, such PSUs vested into 1,396 shares of common stock on May 7, 2022.
- [F6]424 shares of common stock were sold to cover withholding taxes as required pursuant to the terms of the PSU award agreement and 972 shares of common stock were issued to the Reporting Person in connection with the vesting of 1,396 PSUs on May 7, 2022.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.98 to $53.6975 inclusive. The reporting person undertakes to provide Ceridian HCM Holding Inc., any security holder of Ceridian HCM Holding Inc. or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F8]Consists of (i) 10,031 shares of Common Stock, which includes 208 shares acquired under the Ceridian HCM Holding Inc. Global Employee Stock Purchase Plan on March 31, 2022, (ii) shares issuable pursuant to RSUs, granted on May 7, 2021, of which 11,441 shares vest on 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.
- [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 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.
Documents
Issuer
Ceridian HCM Holding Inc.
CIK 0001725057
Entity typeother
Related Parties
1- filerCIK 0001856052
Filing Metadata
- Form type
- 4
- Filed
- May 9, 8:00 PM ET
- Accepted
- May 10, 4:28 PM ET
- Size
- 23.1 KB