secwatch.observer — SEC 8-K summary
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Issuer:     Workday, Inc. (WDAY)
CIK:        0001327811
Form:       8-K
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001327811-26-000016
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Workday grants CEO Bhusri 437,602 RSU and 547,003 PVU shares with price hurdles
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- RSU vests 1/4th on one-year anniversary, then quarterly over 4 years; no other equity until FY2028.
- PVU split into 4 tranches of ~136,751 shares each; price hurdles: 25%, 50%, 75%, 100% increases from baseline.
- Baseline price of $137.11; price hurdles: $171.39, $205.67, $239.94, $274.22 over 5-year performance periods.
- PVU shares vest quarterly after price hurdle achieved; all PVU shares subject to 2-year holding period post-vesting.
- Accelerated vesting on termination without cause or change in control per Workday's Severance & CIC Policy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327811/000132781126000016/0001327811-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327811/000132781126000016/wday-20260305.htm
  HTML page:      https://secwatch.observer/filing/0001327811-26-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer