Workday CAO Surrenders Shares for Tax Withholding
Workday, Inc.
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Filing Summary
📋 Form 4 Filing: Workday, Inc. ($WDAY) Insider: Garfield Mark S. (Chief Accounting Officer) Transaction: Tax Withholding (Code F) Shares: 3,491 @ $186.14 (~$649,815) Post-Transaction Holdings: 70,227 shares Significance: Low (Mandatory tax withholding on RSU vest)
Comprehensive Analysis
Executive Summary
On October 5, 2026, Mark S. Garfield, Chief Accounting Officer of Workday, Inc. ($WDAY), disposed of 3,491 shares of Class A Common Stock at a price of $186.14 per share, totaling approximately $649,815.
Transaction Analysis
- Nature of Transaction: Coded as 'F', this disposition represents shares withheld by the issuer to cover statutory tax liabilities associated with the vesting of restricted stock units (RSUs).
- Open-Market Impact: This was not a discretionary open-market sale. Automatic tax withholdings do not reflect negative sentiment or discretionary portfolio decisions by management.
- Holdings Context: Following this transaction, Mr. Garfield maintains beneficial ownership of 70,227 shares, which includes 57,959 unvested or unsettled RSUs.
Trading Significance
Low. Tax-withholding transactions are routine, non-discretionary events linked to standard executive equity compensation vesting schedules.
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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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