Subramanian Rakesh's Form 4 filing
Dayforce, Inc. (DAY) · filed May 10, 2022
- Accession no.
- 0001209191-22-028077
- Filed
- May 10, 2022
- Trade date
- May 7-9, 2022
- Filing delay
- 3 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 5 non-derivative transactions and 2 derivative transactions. Open-market sales total $228.7K. It was filed 3 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Subramanian RakeshCIK 0001856052 | Officer (EVP, Chief Revenue Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 9, 2022 | Common Stock | SSaleDisposed | −3,569 | $53.00F2 | −$189,157 | 59,441 | Direct | |
| May 7, 2022 | Common Stock | MOption exerciseAcquired | +1,058 | –F3 | – | 60,499 | Direct | |
| May 9, 2022 | Common Stock | SSaleDisposed | −322 | $52.98 | −$17,059.56 | 60,177 | Direct | |
| May 7, 2022 | Common Stock | MOption exerciseAcquired | +1,396 | –F5 | – | 61,573 | Direct | |
| May 9, 2022 | Common Stock | SSaleDisposed | −424 | $53.00F7 | −$22,472 | 61,149 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 7, 2022 | Common Stock | MOption exerciseDisposed | −1,058 | $0.00 | $0 | 0 | Direct | |
| May 7, 2022 | Common Stock | MOption exerciseDisposed | −1,396 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.98 to $53.7144 inclusive. The reporting person undertakes to provide Ceridian HCM Holding Inc., any security holder of Ceridian HCM Holding Inc. or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F3
Given the Company's performance in 2021 and pursuant to the terms of the Company's 2021 Management Incentive Plan, each performance stock unit ("PSU") granted on May 7, 2021 converted into 1 share of common stock upon vesting. The vesting of 1,058 PSUs occurred on May 7, 2022.
Referenced by the price of 1 transaction in Table I.
- F5
On May 7, 2021, the Reporting Person was granted 2,288 PSUs, the vesting of which was subject to the achievement of performance metrics pursuant to the terms of the PSU award agreement. Each PSU represented a contingent right to receive between .25 and 2.00 shares of common stock based upon the degree to which the performance metrics were achieved. With the prior certification of achievement of the performance metrics by the Compensation Committee and pursuant to the terms of the PSU award agreement, such PSUs vested into 1,396 shares of common stock on May 7, 2022.
Referenced by the price of 1 transaction in Table I.
- F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.98 to $53.6975 inclusive. The reporting person undertakes to provide Ceridian HCM Holding Inc., any security holder of Ceridian HCM Holding Inc. or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
Remarks
For Rakesh Subramanian, pursuant to the Power of Attorney previously filed.