Ziegler Brandon 4

What Happened
Brandon Ziegler, EVP, CLO, CAO & Corporate Secretary of Workiva (WK), received awards of 17,097 shares from vested performance restricted stock units (PSUs) and had 8,730 shares delivered back to the company to satisfy withholding taxes. The withheld shares were reported as disposed at $64.95 per share for a total tax payment of $567,014. The awards reflect certifications of performance by the Compensation Committee across multiple PSU grants.

Key Details

• Transaction date(s): February 11, 2026; Form filed February 13, 2026 (filed within the typical two-business-day window).
• Awards granted/received (acquired, $0.00): 5,954; 7,340; and 3,803 shares — total 17,097 shares.
• Shares disposed for tax withholding (F): 8,730 shares at $64.95 each = $567,014.
• Shares owned after the transactions: not disclosed in the excerpt provided.
• Footnotes summary:
  • F1: PSUs from Feb 1, 2023 certified and earned at 162.5% of target (2023–2025 period).
  • F2: PSUs from Feb 1, 2024 certified and earned at 200% of target for the 2024–2025 period; additional PSUs may vest later subject to continued employment and revenue goals.
  • F3: PSUs from Feb 3, 2025 certified and earned at 100% for 2025; additional vesting possible in later years.
  • F4: Shares surrendered to the issuer to pay withholding taxes (standard tax-withholding treatment, not an open-market sale).

Context
These transactions are primarily vesting and tax-withholding events related to performance-based equity awards (PSUs). The surrender of shares to cover taxes is a common administrative step and should not be read as an opportunistic open-market sale signaling insider sentiment. The awards reflect that the company’s Compensation Committee certified performance levels above target for some performance periods (notably 162.5% and 200% for prior grants).