Kazmaier Gerrit S 4

What Happened

• Gerrit Kazmaier, President, Product and Technology at Workday (WDAY), received an equity award of 116,387 restricted stock units (RSUs) on May 5, 2026. The RSUs were granted at $0.00 (typical for RSU awards) and represent the right to receive one share of Class A common stock upon settlement. This was an award/grant (code A), not a purchase or sale.

Key Details

• Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (timely filing).
• Award: 116,387 RSUs granted at $0.00 per unit.
• Shares/units reported after the transaction: filing notes a total of 278,343 RSUs beneficially held (this total includes the 116,387 granted on May 5).
• Vesting: the 116,387- unit grant vests 1/16 on July 5, 2026 and then quarterly thereafter; all grants subject to continued service with Workday.
• No 10b5-1 plan, tax-withholding sale, or immediate sale reported; this is a retention-style equity grant.

Context

• RSUs convert to actual shares only upon vesting/settlement and are typically taxed as ordinary income at that time. This grant is a compensation/retention award and does not represent an open-market buy or sell by the insider. Such awards are common for executive compensation and should be viewed as part of long-term pay rather than a direct signal of short-term trading intent.