Joseph B. Korngiebel - Feb 28, 2024 Form 4 Insider Report for Dayforce, Inc. (DAY)

Role
EVP, CPTO
Signature
/s/ William E. McDonald, attorney-in-fact
Stock symbol
DAY
Transactions as of
Feb 28, 2024
Transactions value $
-$682,009
Form type
4
Date filed
3/1/2024, 04:36 PM
Previous filing
Feb 27, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAY Common Stock Tax liability -$329K -4.63K -3.73% $71.05 119K Feb 28, 2024 Direct F1
transaction DAY Common Stock Tax liability -$85.3K -1.2K -1.01% $71.05 118K Feb 28, 2024 Direct F2
transaction DAY Common Stock Tax liability -$268K -3.77K -3.18% $71.05 114K Feb 28, 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
holding DAY Performance Units 6.18K Feb 28, 2024 Common Stock 6.18K Direct F5
holding DAY Performance Units 8.23K Feb 28, 2024 Common Stock 8.23K Direct F6
holding DAY Performance Units 18.3K Feb 28, 2024 Common Stock 18.3K Direct F7
holding DAY Performance Units 5.88K Feb 28, 2024 Common Stock 5.88K Direct F8
* 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 9,141 shares of common stock of the Issuer ("Common Stock") on February 28, 2024, subject to a restricted stock unit ("RSU") award granted on February 28, 2023, 4,633 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the RSU award agreement and 4,508 shares of Common Stock were issued to the reporting person.
F2 In connection with the vesting of 2,369 shares of Common Stock on February 28, 2024, subject to a performance stock unit ("PSU") award granted on February 28, 2023, 1,201 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the PSU award agreement and 1,168 shares of Common Stock were issued to the reporting person.
F3 In connection with the vesting of 7,428 shares of Common Stock on February 28, 2024, subject to a PSU award granted on February 28, 2023, 3,765 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the PSU award agreement and 3,663 shares of Common Stock were issued to the reporting person.
F4 Includes (i) 82,955 shares of Common Stock; (ii) shares of Common Stock issuable pursuant to RSUs, granted on March 8, 2021, of which 6,177 shares vest on March 8, 2024; (iii) shares of Common Stock issuable pursuant to RSUs, granted on February 24, 2022, of which 7,059 shares vest on February 24, 2025; and (iv) shares of Common Stock issuable pursuant to RSUs, granted on February 28, 2023, of which 9,141 shares vest on each of February 28, 2025 and February 28, 2026.
F5 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 6,177 PSUs occurs on March 8, 2024.
F6 Each PSU represents a contingent right to receive shares of Common Stock based upon the degree to which the performance metric contained in the PSU award agreement is satisfied. The number of PSUs reported in columns 7 and 9 of Table II reflects achievement at the target level of performance under the PSU award agreement. Based on actual results during the period beginning January 1, 2023 and ending December 31, 2025, the aggregate number of shares of Common Stock issued may range from zero shares to 200% of the target number of shares reported in columns 7 and 9 of Table II. The PSUs will only vest if the achievement of the performance metric under the PSU award agreement is certified to have been met by the Compensation Committee or the Board of Directors of the Company, and then any such certified amount will vest on February 28, 2026.
F7 Each PSU represents a contingent right to receive shares of Common Stock based upon the degree to which one or more of the performance metrics contained in the PSU award agreement are satisfied annually over a three year period. The number of PSUs reported in column 9 of Table II reflects achievement at the target level of performance under the PSU award agreement. Based on actual results during each of the preceding period beginning on January 1 and ending December 31, the aggregate number of shares of Common Stock issued may range from zero shares to 167% of the target number of shares reported in column 9 of Table II. The PSUs will only vest if the achievement of one or more of the annual performance metrics under the PSU award agreement is certified to have been met by the Compensation Committee or the Board of Directors of the Company for the prior period, and then any such certified amount will vest on the anniversary of the date of grant.
F8 Given the Company's performance in 2022 and pursuant to the terms of the PSU award agreement, each PSU granted on February 24, 2022 will convert into 1 share of Common Stock upon vesting. The vesting of 5,880 PSUs occurs on February 24, 2025.

Remarks:

For Joseph Korngiebel, pursuant to the Power of Attorney previously filed.