Workday CFO Zane Rowe Disposes $550K in Stock for Tax Withholding
Workday, Inc.
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Filing Summary
Workday CFO Zane Rowe Disposes $550K in Stock for Tax Withholding
Company: Workday, Inc. (WDAY)
Form: 4 | Filed: 2026/09/09
Significance: Low
Insider: Rowe Zane Title: Chief Financial Officer | Relationship: Officer
Transaction: • Type: Tax Withholding (Code F) • Shares: 2,808 • Price: $195.79 • Value: $549,778.32 • Owned After: 285,652
Key Insight: Routine share withholding to satisfy tax obligations upon restricted stock unit (RSU) vesting; not a discretionary open-market sale.
Market Context: Transaction represents 0.0014% of Workday's $39.05B market cap, having negligible market impact.
Comprehensive Analysis
SEC Filing Analysis: Workday, Inc. (WDAY)
Executive Summary
- Trading Significance: Low
- Key Takeaway: CFO Zane Rowe had 2,808 shares withheld at $195.79 per share to satisfy tax obligations on vesting RSUs.
- Market Impact: Neutral; routine non-discretionary transaction with zero open-market pressure.
Company Information
| Field | Value |
|---|---|
| Company | Workday, Inc. |
| Ticker Symbol | WDAY |
| CIK | 0001327811 |
| Industry | Computer Processing & Data Preparation |
Insider Information
| Field | Value |
|---|---|
| Name | Rowe Zane |
| CIK | 0001444158 |
| Title/Position | Chief Financial Officer |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-09-05 |
| Transaction Code | F (Tax Withholding) |
| Security Type | Class A Common Stock |
| Shares Involved | 2,808 |
| Price Per Share | $195.79 |
| Total Value | $549,778.32 |
| Shares Owned After | 285,652 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $549,778.32 |
| % of Market Cap | 0.0014% |
| Shares Transacted | 2,808 |
| % of Shares Outstanding | 0.0011% |
| Post-Transaction Ownership | 285,652 shares (0.12% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: In the context of Workday's $39.05 billion market capitalization, a $549.8K transaction is immaterial.
- Ownership Concentration: Rowe retains 285,652 shares (including 207,515 RSUs and 5,968 PSUs), holding approximately 0.12% of shares outstanding.
- Dilution Impact: N/A; represents share withholding rather than a new equity issuance.
- Transaction Significance: Low significance due to non-discretionary Code F classification and negligible percentage of total shares.
Market Impact Analysis
- Direction: Neutral
- Reasoning: Automatic tax disposition incident to equity award vesting carries no directional signal regarding executive sentiment or operational performance.
- Expected Volume Impact: Negligible; no open-market trade executed.
- Sentiment Indicator: Neutral
Additional Context
- Transaction Notes: Per footnote F1, shares were withheld by the issuer to satisfy tax withholding obligations on vesting RSUs.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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