Sauer Richard Harry 4
4 · Workday, Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Workday (WDAY) Chief Legal Officer Richard Sauer Receives Awards
What Happened
Richard Harry Sauer, Workday’s Chief Legal Officer and Secretary, received two equity awards on May 5, 2026: 52,374 shares and 46,555 shares reported as awards (total 98,929 units) at $0.00 per share. These awards are reported as grants (transaction code A). Footnotes to the filing also show 4,132 performance stock units (PSUs) reported that would convert to shares upon settlement. These are compensation awards, not open-market purchases or sales.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (filed within the standard two-business-day window).
- Award amounts: 52,374 RSUs (vest as to 1/16 on July 5, 2026, then quarterly) and 46,555 RSUs (vest as to 1/12 on July 5, 2026, then quarterly). Acquired at $0.00 (no cash paid).
- Total newly granted units: 98,929 RSUs. Footnotes report additional holdings including 4,132 PSUs and larger RSU balances (see filing footnotes).
- Vesting: All grants are subject to continued service with Workday on the applicable vesting dates.
- No immediate sale, exercise, or tax-withholding transaction reported in this filing.
Context
These grants are standard long-term equity compensation for executives and vest over multiple quarters; they do not represent a market buy or sell and do not immediately change public float. PSUs (performance units) carry performance or other conditions before conversion to shares. For retail investors, awards signal compensation alignment with shareholder interests but are routine and subject to vesting/service requirements.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-05-05+52,374→ 134,853 total - Award
Class A Common Stock
[F2]2026-05-05+46,555→ 181,408 total
Footnotes (2)
- [F1]Includes 100,899 restricted stock units (RSUs) and 4,132 performance stock units (PSUs), each of which entitle the Reporting Person to receive one share of Class A Common Stock upon settlement, including 52,374 RSUs with a grant date of May 5, 2026, which will vest as to 1/16 of the underlying shares on July 5, 2026, and then quarterly thereafter. All grants are subject to the Reporting Person's continued service with the Issuer on the applicable vesting dates.
- [F2]Includes 147,454 RSUs and 4,132 PSUs, each of which entitle the Reporting Person to receive one share of Class A Common Stock upon settlement, including 46,555 RSUs with a grant date of May 5, 2026, which will vest as to 1/12 of the underlying shares on July 5, 2026, and then quarterly thereafter. All grants are subject to the Reporting Person's continued service with the Issuer on the applicable vesting dates.