Workday President Gerrit Kazmaier Withholds 3,369 Shares for Taxes

What Happened
Gerrit S. Kazmaier, President of Product and Technology at Workday (WDAY), had 3,369 shares withheld by the company to cover tax withholding related to the vesting of restricted stock units (RSUs). The withholding was recorded at $195.79 per share, for a total value of approximately $659,617. This action is a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-09-05; filing date (Form 4): 2026-09-09.
• Shares withheld/disposed: 3,369 at $195.79 each; total ≈ $659,617.
• Transaction code: F (shares withheld to satisfy tax withholding obligation).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote F1: Issuer withheld shares to satisfy tax withholding on RSU vesting.
• Footnote F2: The filing references 246,656 RSUs that each convert to one share upon settlement; grants vest subject to continued service.
• No late-filing flag was included in the information provided here.

Context
Withholding shares to cover taxes is a routine, administrative step when RSUs vest and does not necessarily indicate a decision to sell additional shares or a bearish view. This is different from an open-market sale or a planned disposition under a 10b5-1 plan. The referenced RSUs (footnote F2) are unvested awards that will convert to shares only upon future vesting, contingent on continued employment.