Workday Reports CEO Equity Awards
Summary
Workday, Inc. appointed Aneel Bhusri, co-founder and Executive Chair, as Chief Executive Officer on February 6, 2026. In connection with this appointment, on March 5, 2026, Mr. Bhusri was granted significant equity awards under Workday's 2022 Equity Incentive Plan. - A restricted stock unit (RSU) award for 437,602 shares of Class A Common Stock, vesting over four years. - A performance-based RSU (PVU Award) for 547,003 shares of Class A Common Stock, divided into four tranches requiring achievement of increasing stock price targets over a five-year performance period.
Why It Matters
This update details the compensation structure for Workday's newly appointed CEO, Aneel Bhusri, aligning his incentives with long-term stock performance through significant equity awards, including performance-based units tied to stock price hurdles. This is a material executive compensation event for investors.
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Key Quote
“In connection with his appointment as CEO, on March 5, 2026 (the "Grant Date") Mr. Bhusri was granted the equity awards listed below under Workday's 2022 Equity Incentive Plan.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001327811
- Filing Date
- Friday, March 6, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive