---
schema_version: "secwatch.filing_event.v1"
accession: "0001327811-23-000204"
form_type: "8-K"
ticker: "WDAY"
cik: "0001327811"
company_name: "Workday, Inc."
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:15:42.324367+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Workday adopts new Executive Severance and Change in Control Policy adding non-CIC severance

## Summary
- New policy adds severance for termination without cause outside a Change in Control period (Non-CIC Qualifying Termination).
- CEO receives 1x salary plus 1x target bonus, 12-month equity acceleration, and COBRA premiums in a Non-CIC termination.
- Other Section 16 Officers receive 1x salary, pro-rata bonus, 12-month equity acceleration, and COBRA premiums.
- Within a CIC period, CEO gets 2x salary plus 2x bonus, 100% equity acceleration, and 24 months of COBRA.
- Policy replaces prior Change in Control Policy, effective November 30, 2023.

## SEC filing metadata
- accession: 0001327811-23-000204
- form_type: 8-K
- ticker: WDAY
- cik: 0001327811
- company_name: Workday, Inc.
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327811/000132781123000204/0001327811-23-000204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327811/000132781123000204/wday-20231130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327811-23-000204
- JSON: https://secwatch.observer/filing/0001327811-23-000204.json
- Plain text: https://secwatch.observer/filing/0001327811-23-000204.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.