Short answer
Workday, Inc. (WDAY) filed an 8-K current report with the SEC on March 6, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Bhusri granted 437,602 RSUs vesting over 4 years (25%/year), plus 547,003 performance RSUs: no additional equity eligible until fiscal 2028.
Workday, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Bhusri granted 437,602 RSUs vesting over 4 years (25%/year), plus 547,003 performance RSUs: no additional equity eligible until fiscal 2028
- Performance RSUs split into 4 tranches; price hurdles require 25%/50%/75%/100% stock price gains above ~$137.11 baseline, targeting $171–$274/share
- Five-year performance window with monthly testing via 45-day trailing average; unearned Tranche 1 & 2 can roll to later periods if higher hurdles also met
- Vested shares subject to additional 2-year holding period: strong retention signal, aligns Bhusri incentives with long-term shareholder value
- CIC protection: full PVU acceleration if terminated without cause or resigns for good reason in a change-of-control event
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Workday, Inc. 8-K filings
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