Jeffrey Scott Jacobs - 24 Feb 2024 Form 4 Insider Report for Dayforce, Inc. (DAY)

Role
Head of Acct & Fin Reporting
Signature
/s/ William E. McDonald, attorney-in-fact
Issuer symbol
DAY
Transactions as of
24 Feb 2024
Net transactions value
-$62,564
Form type
4
Filing time
27 Feb 2024, 16:36:09 UTC
Previous filing
07 Feb 2024
Next filing
01 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAY Common Stock Tax liability $36,210 -507 -2.5% $71.42 19,497 24 Feb 2024 Direct F1
transaction DAY Common Stock Options Exercise +1,176 +6% 20,673 24 Feb 2024 Direct F2
transaction DAY Common Stock Tax liability $26,354 -369 -1.8% $71.42 20,304 24 Feb 2024 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DAY Performance Units Options Exercise $0 -1,176 -50% $0.000000 1,176 24 Feb 2024 Common Stock 1,176 Direct F2
holding DAY Option (right to buy) 500 24 Feb 2024 Common Stock 500 $17.58 Direct F5
holding DAY Option (right to buy) 1,125 24 Feb 2024 Common Stock 1,125 $16.82 Direct F5
holding DAY Option (right to buy) 5,000 24 Feb 2024 Common Stock 5,000 $19.04 Direct F5
holding DAY Option (right to buy) 32,610 24 Feb 2024 Common Stock 32,610 $22.00 Direct F5
holding DAY Option (right to buy) 712 24 Feb 2024 Common Stock 712 $44.91 Direct F5
holding DAY Option (right to buy) 8,396 24 Feb 2024 Common Stock 8,396 $49.93 Direct F5
holding DAY Option (right to buy) 14,299 24 Feb 2024 Common Stock 14,299 $65.26 Direct F6
holding DAY Performance Units 824 24 Feb 2024 Common Stock 824 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the vesting of 1,412 shares of common stock of the Issuer ("Common Stock") on February 24, 2024, subject to an RSU award granted on February 24, 2022, 507 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the restricted stock unit ("RSU") award agreement and 905 shares of Common Stock were issued to the reporting person.
F2 Given the Company's performance in 2022 and pursuant to the terms of the performance stock unit ("PSU") award agreement, each PSU granted on February 24, 2022 will convert into 1 share of Common Stock upon vesting. The vesting of 1,176 PSUs occurred on February 24, 2024. The vesting of 1,176 PSUs occurs on February 24, 2025.
F3 In connection with the vesting of 1,176 shares of Common Stock on February 24, 2024, subject to a PSU award granted on February 24, 2022, 369 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the PSU award agreement and 807 shares of Common Stock were issued to the reporting person.
F4 Includes (i) 9,128 shares of Common Stock, (ii) shares of Common Stock that are issuable pursuant to restricted stock units ("RSUs"), granted on March 8, 2021, of which 824 shares vest on March 8, 2024; (iii) shares of Common Stock issuable pursuant to RSUs, granted on February 24, 2022, of which 1,412 shares vest on February 24, 2025; (iv) shares of Common Stock issuable pursuant to RSUs, granted on February 28, 2023, of which 2,742 shares vest on each of February 28, 2024 and February 28, 2025, and 2,743 shares vest on February 28, 2026; and (v) shares of Common Stock issuable pursuant to PSUs, granted on February 28, 2023, of which 713 shares vest on February 28, 2024.
F5 Fully vested and exercisable.
F6 Consists of 10,724 vested and exercisable options as of May 8, 2023, and 3,575 options that vest and become exercisable on May 8, 2024.
F7 Given the Company's performance in 2021 and pursuant to the terms of the PSU award agreement, each PSU granted on March 8, 2021 will convert into 1 share of Common Stock upon vesting. The vesting of 824 PSUs occurs on March 8, 2024.

Remarks:

For Jeffrey Jacobs, pursuant to the Power of Attorney previously filed.