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|4Feb 13, 4:13 PM ET

Iskow Julie 4

Research Summary

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Workiva CEO Julie Iskow Receives PSU Awards; 26,166 Shares Used for Taxes

What Happened

  • Julie Iskow, President & CEO and a director of Workiva (WK), was issued performance-based restricted stock (PSU) awards that converted to 48,497 shares on Feb 11, 2026 (three separate awards: 13,135; 20,972; 14,390 shares, reported as acquisitions at $0.00). To cover tax withholding on the vesting, 26,166 shares were delivered back to the issuer (reported as a disposition) at $64.95 per share, valued at $1,699,482. Net shares retained from this vesting event equal 22,331 shares (48,497 issued minus 26,166 surrendered).

Key Details

  • Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely filing).
  • Awards granted/issued: 13,135; 20,972; 14,390 shares (reported as acquisitions at $0.00).
  • Shares surrendered for tax withholding: 26,166 @ $64.95 = $1,699,482 (reported as disposition to pay taxes).
  • Net shares received from this vesting: 22,331 (48,497 issued − 26,166 surrendered).
  • Footnotes:
    • The shares represent PSUs certified by the Compensation Committee: the 2/1/2023 PSUs vested at 162.5% of target; 2/1/2024 PSUs vested at 200% of target; 2/3/2025 PSUs vested at 100% of target. Some grants (2024, 2025) note additional PSUs may vest in later years subject to continued employment and revenue goals.
    • The surrendered shares were delivered to the issuer to satisfy withholding tax obligations on vesting (tax-withholding cashless share surrender).
  • Shares owned after the transaction: not specified in the provided filing.

Context

  • These were vesting/award events (transaction code A) and a tax-withholding surrender (code F), not an open-market sale. Using vested shares to pay taxes is a common administrative step and does not necessarily signal a deliberate liquidity-driven sale to an outside buyer.
  • For retail investors: awards that vest after certification reflect compensation tied to company performance. Purchases by insiders can be more informative than routine tax-related share surrenders; here the notable item is the PSU certification (above-target payouts for some performance periods).