0000950170-24-021361.txt : 20240227
0000950170-24-021361.hdr.sgml : 20240227
20240227170608
ACCESSION NUMBER: 0000950170-24-021361
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240224
FILED AS OF DATE: 20240227
DATE AS OF CHANGE: 20240227
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McDonald William Everett
CENTRAL INDEX KEY: 0001866735
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38467
FILM NUMBER: 24688223
MAIL ADDRESS:
STREET 1: C/O CERIDIAN HCM HOLDINGS INC.
STREET 2: 3311 EAST OLD SHAKOPEE ROAD
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55425-1361
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Dayforce, Inc.
CENTRAL INDEX KEY: 0001725057
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 463231686
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3311 EAST OLD SHAKOPEE ROAD
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55425
BUSINESS PHONE: 952-853-8100
MAIL ADDRESS:
STREET 1: 3311 EAST OLD SHAKOPEE ROAD
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55425
FORMER COMPANY:
FORMER CONFORMED NAME: Ceridian HCM Holding Inc.
DATE OF NAME CHANGE: 20171212
4
1
ownership.xml
4
X0508
4
2024-02-24
0001725057
Dayforce, Inc.
DAY
0001866735
McDonald William Everett
C/O DAYFORCE, INC.
3311 EAST OLD SHAKOPEE ROAD
MINNEAPOLIS
MN
55425
false
true
false
false
EVP, GC & Corporate Secretary
false
Common Stock
2024-02-24
4
F
false
1500
71.42
D
52443
D
Common Stock
2024-02-24
4
M
false
3920
A
56363
D
Common Stock
2024-02-24
4
F
false
1200
71.42
D
55163
D
Performance Units
2024-02-24
4
M
false
3920
0
D
2032-02-24
Common Stock
3920
3920
D
Options (Right to Purchase)
19.04
2027-12-20
Common Stock
3750
3750
D
Options (Right to Purchase)
22.00
2028-04-25
Common Stock
34674
34674
D
Options (Right to Purchase)
44.91
2029-02-08
Common Stock
995
995
D
Options (Right to Purchase)
49.93
2029-03-20
Common Stock
28626
28626
D
Options (Right to Purchase)
65.26
2030-05-08
Common Stock
14299
14299
D
Performance Units
2031-03-08
Common Stock
1544
1544
D
Performance Units
2033-02-28
Common Stock
4113
4113
D
Performance Units
2033-02-28
Common Stock
9141
9141
D
In connection with the vesting of 4,706 shares of common stock of the Issuer ("Common Stock") on February 24, 2024, subject to an RSU award granted on February 24, 2022, 1,500 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 3,206 shares of Common Stock were issued to the reporting person.
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 3,920 PSUs occurred on February 24, 2024. The vesting of 3,920 PSUs occurs on February 24, 2025.
In connection with the vesting of 3,920 shares of Common Stock on February 24, 2024, subject to a PSU award granted on February 24, 2022, 1,200 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the PSU award agreement and 2,720 shares of Common Stock were issued to the reporting person.
Includes (i) 28,957 shares of Common Stock, (ii) shares of Common Stock issuable pursuant to restricted stock units ("RSUs"), granted on March 8, 2021, of which 1,544 shares vest on March 8, 2024; (iii) shares of Common Stock issuable pursuant to RSUs, granted on August 6, 2021, of which 813 shares vest on August 6, 2024; (iv) shares of Common Stock issuable pursuant to RSUs, granted on February 24, 2022, of which 4,706 shares vest on February 24, 2025; (v) shares of Common Stock issuable pursuant to RSUs, granted on February 28, 2023, of which 4,570 shares vest on each of February 28, 2024, February 28, 2025, and 4,571 shares vest on February 28, 2026; (vi) shares of Common Stock issuable pursuant to PSUs, granted on February 28, 2023, of which 1,718 shares vest on February 28, 2024; and (vii) shares of Common Stock issuable pursuant to PSUs, granted on February 28, 2023, of which 3,714 shares vest on February 28, 2024.
Fully vested and exercisable.
Consists of 10,724 options that are vested and exercisable as of May 8, 2023, and 3,575 options that vest and become exercisable on May 8, 2024.
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 1,544 PSUs occurs on March 8, 2024.
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 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.
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 periods 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.
/s/ William E. McDonald
2024-02-27