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Filing Details

Accession Number:: 0001209191-22-017862
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-03-10 16:17:54
Reporting Period:: 2022-03-08

Accepted Time:: 2022-03-10 16:17:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1725057	Ceridian Hcm Holding Inc.	CDAY	Services-Prepackaged Software (7372)	463231686

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1848122	B Joseph Korngiebel	C/O Ceridian Hcm Holding Inc. 3311 E. Old Shakopee Road Minneapolis MN 55425	Evp, Cpto	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2022-03-09	2,215	$62.49	105,458	No	4	S	Direct
Common Stock	Acquisiton	2022-03-08	2,409	$0.00	107,867	No	4	M	Direct
Common Stock	Disposition	2022-03-09	848	$62.49	107,019	No	4	S	Direct
Common Stock	Acquisiton	2022-03-08	6,176	$0.00	113,195	No	4	M	Direct
Common Stock	Disposition	2022-03-09	2,148	$62.48	111,047	No	4	S	Direct
Common Stock	Disposition	2022-03-09	26	$63.51	111,021	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Units	Disposition	2022-03-08	2,409	$0.00	2,409	$0.00
Common Stock	Performance Units	Disposition	2022-03-08	6,176	$0.00	6,176	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2022-03-08	No	4	M	Direct
12,353		2024-03-08	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Performance Units	$0.00		2023-02-24	2,754	2,754	Direct
Common Stock	Performance Units	$0.00		2025-02-24	21,177	21,177	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2023-02-24	2,754	2,754	Direct
2025-02-24	21,177	21,177	Direct

Footnotes

2,215 shares of common stock were sold to cover withholding taxes as required pursuant to the terms of the restricted stock unit ("RSU") award agreement and 3,961 shares of common stock were issued to the Reporting Person in connection with the vesting of 6,176 RSUs on March 8, 2022.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.48 to $63.24 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.
Given the Company's performance in 2021 and pursuant to the terms of the Company's 2021 Management Incentive Plan, each performance stock unit ("PSU") granted on March 8, 2021 converts into 1 share of common stock upon vesting. The vesting of 2,409 PSUs occurred on March 8, 2022.
848 shares of common stock were sold to cover withholding taxes as required pursuant to the terms of the PSU award agreement and 1,561 shares of common stock were issued to the Reporting Person in connection with the vesting of 2,409 PSUs on March 8, 2022.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.48 to $62.94 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.
Given the Company's performance in 2021 and pursuant to the terms of the PSU award agreement, each PSU granted on March 8, 2021 converts into 1 share of common stock upon vesting. The vesting of 6,176 PSUs occurred on March 8, 2022, and the vesting of 6,176 and 6,177 PSUs occurs on each of March 8, 2023 and March 8, 2024, respectively.
2,174 shares of common stock were sold to cover withholding taxes as required pursuant to the terms of the PSU award agreement and 4,002 shares of common stock were issued to the Reporting Person in connection with the vesting of 6,176 PSUs on March 8, 2022.
Includes (i) 21,979 shares of common stock; (ii) shares that are issuable pursuant to RSUs, granted on August 21, 2020, of which 22,462 shares vest on each of August 21, 2022 and August 21, 2023; (iii) shares that are issuable pursuant to RSUs, granted on March 8, 2021, of which 6,176 shares vest on March 8, 2023, and 6,177 shares vest on March 8, 2024; (iv) shares issuable pursuant to RSUs, granted on February 24, 2022, of which 7,059 shares vest on each of February 24, 2023, February 24, 2024 and February 24, 2025; and (v) 10,588 shares issuable pursuant to RSUs, granted on February 24, 2022, which vest on June 30, 2023.
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 under the Company's 2022 Management Incentive Plan ("2022 MIP") are satisfied. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance under the 2022 MIP. Based on actual results during the fiscal year ended December 31, 2022, the aggregate number of shares of common stock issued may range from zero shares to 167% of the target number of shares reported in columns 5, 7, and 9 of Table II. The PSUs will only vest upon the later of (i) the date the Compensation Committee or the Board of Directors of the Company certify that one or more of the performance metrics have been met under the 2022 MIP and (ii) the one year anniversary of the date of grant.
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 ("PSU Agreement") are satisfied. The number of PSUs reported in columns 5, 7, and 9 of Table II reflects achievement at the target level of performance under the PSU Agreement. Based on actual results during the fiscal year ended December 31, 2022, the aggregate number of shares of common stock issued may range from zero shares to 167% of the target number of shares reported in columns 5, 7 and 9 of Table II. The PSUs will only vest if the achievement of one or more of the performance metrics 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 one-third on each anniversary of the date of grant.