Workday Inc.
Workday Updates Executive Severance Policy
Summary
On April 20, 2026, Workday, Inc. amended its Executive Severance and Change in Control Policy to revise the benefits provided to executives in the event of a Non-CIC Qualifying Termination. The amendments include reducing the time period for the exclusion of equity awards from the acceleration benefit and changing the calculation of the lump sum cash payment provided to the participant. These changes aim to align the severance policy with current market practices and company objectives.
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About Workday Inc.
Workday Inc. is a prominent enterprise software company that specializes in providing cloud-based applications for financial management, human resources, and planning. Founded in 2005, Workday has established itself as a key player in the enterprise software market, offering innovative solutions that help organizations streamline processes, improve data accessibility, and enhance strategic decision-making. Its flagship offerings include advanced tools for human capital management (HCM), payroll, talent management, and workforce planning, which are vital for medium to large enterprises aiming to manage their workforce efficiently. Workday's applications are widely used across numerous sectors, including education, healthcare, financial services, and technology, allowing these industries to better manage their operational needs. As a pioneer in SaaS (Software-as-a-Service) solutions, Workday's impact on the financial market is significant, providing businesses the scalability and flexibility required to adapt to ever-changing market conditions while ensuring data security and compliance. With headquarters in Pleasanton, California, Workday continues to innovate and expand its offerings, helping organizations globally to navigate the complexities of modern workforce management and financial planning.
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