William E. McDonald - 24 Feb 2023 Form 4 Insider Report for Ceridian HCM Holding Inc. (DAY)

Signature
/s/ William E. McDonald
Issuer symbol
DAY
Transactions as of
24 Feb 2023
Net transactions value
-$228,693
Form type
4
Filing time
28 Feb 2023, 16:07:43 UTC
Previous filing
09 Aug 2022
Next filing
02 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDAY Common Stock Sale $104,821 -1,447 -3.8% $72.44 36,430 27 Feb 2023 Direct F1, F2
transaction CDAY Common Stock Options Exercise +1,412 +3.9% 37,842 24 Feb 2023 Direct F3
transaction CDAY Common Stock Sale $36,365 -502 -1.3% $72.44 37,340 27 Feb 2023 Direct F4
transaction CDAY Common Stock Options Exercise +3,920 +10% 41,260 24 Feb 2023 Direct F5
transaction CDAY Common Stock Sale $87,508 -1,208 -2.9% $72.44 40,052 27 Feb 2023 Direct F6, F7, F8

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 CDAY Performance Units Options Exercise $0 -1,412 -100% $0.000000* 0 24 Feb 2023 Common Stock 1,412 Direct F3
transaction CDAY Performance Units Options Exercise $0 -3,920 -33% $0.000000 7,840 24 Feb 2023 Common Stock 3,920 Direct F5
holding CDAY Option (Right to Purchase) 3,750 24 Feb 2023 Common Stock 3,750 $19.04 Direct F9
holding CDAY Option (Right to Purchase) 34,674 24 Feb 2023 Common Stock 34,674 $22.00 Direct F9
holding CDAY Option (Right to Purchase) 995 24 Feb 2023 Common Stock 995 $44.91 Direct F9
holding CDAY Option (Right to Purchase) 28,626 24 Feb 2023 Common Stock 28,626 $49.93 Direct F10
holding CDAY Option (Right to Purchase) 14,299 24 Feb 2023 Common Stock 14,299 $65.26 Direct F11
holding CDAY Performance Units 3,088 24 Feb 2023 Common Stock 3,088 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,447 shares of common stock of the Issuer ("Common Stock") were sold to cover withholding taxes as required pursuant to the terms of the restricted stock unit ("RSU") award agreement and 3,259 shares of Common Stock were issued to the Reporting Person in connection with the vesting of 4,706 RSUs on February 24, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.335 to $72.44 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.
F3 Pursuant to the terms of the Company's 2022 Management Incentive Plan, the Company achieved a total payout of 83.3% under the performance metrics resulting in 1,412 shares of Common Stock vesting of the 1,695 performance stock units ("PSU") granted on February 24, 2022.
F4 502 shares of Common Stock were sold to cover withholding taxes as required pursuant to the terms of the PSU award agreement and 910 shares of Common Stock were issued to the Reporting Person in connection with the vesting of 1,412 PSUs on February 24, 2023.
F5 Pursuant to the terms of the PSU award agreement, the Company achieved a total payout of 83.3% under the performance metrics, and each PSU converted into 0.833 shares of Common Stock upon vesting. As a result, 3,920 PSUs vested on February 24, 2023, and 3,920 PSUs will vest on each of February 24, 2024 and February 24, 2025.
F6 1,208 shares of Common Stock were sold to cover withholding taxes as required pursuant to the terms of the PSU award agreement and 2,712 shares of Common Stock were issued to the Reporting Person in connection with the vesting of 3,920 PSUs on February 24, 2023.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.4306 to $72.44 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.
F8 Includes (i) 13,667 shares of Common Stock, (ii) shares of Common Stock issuable pursuant to RSUs, granted on February 28, 2020, of which 139 shares vest on February 28, 2023; (iii) shares of Common Stock issuable pursuant to RSUs, granted on May 8, 2020, of which 1,532 shares vest on May 8, 2023; (iv) shares of Common Stock issuable pursuant to RSUs, granted on March 8, 2021, of which 1,544 shares vest on each of March 8, 2023 and March 8, 2024; (v) shares of Common Stock issuable pursuant to RSUs, granted on August 6, 2021, of which 813 shares vest on each of August 6, 2023 and August 6, 2024; (vi) shares of Common Stock issuable pursuant to RSUs, granted on February 24, 2022, of which 4,706 shares vest on each of February 24, 2024 and February 24, 2025; and (vii) 10,588 shares of Common Stock issuable pursuant to RSUs, granted on February 24, 2022, which vest on June 30, 2023.
F9 Fully vested and exercisable.
F10 Consists of 19,084 options that are vested and exercisable as of March 20, 2022, and 9,542 options that vest and become exercisable on March 20, 2023.
F11 Consists of 7,149 options that are vested and exercisable as of May 8, 2022, and 3,575 options that vest and become exercisable on each of May 8, 2023, and May 8, 2024.
F12 Given the Company's performance in 2021 and pursuant to the terms of the PSU award agreement, each PSU granted on March 8, 2021 converted into 1 share of Common Stock upon vesting. The vesting of 1,544 PSUs occurs on each of March 8, 2023 and March 8, 2024.