Sec Form 4 Filing - Jacobs Jeffrey Scott @ Dayforce, Inc. - 2024-03-08

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Jacobs Jeffrey Scott
2. Issuer Name and Ticker or Trading Symbol
Dayforce, Inc. [ DAY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Head of Acct & Fin Reporting
(Last) (First) (Middle)
C/O DAYFORCE, INC., 3311 EAST OLD SHAKOPEE ROAD
3. Date of Earliest Transaction (MM/DD/YY)
03/08/2024
(Street)
MINNEAPOLIS, MN55425
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/08/2024 F 253 ( 1 ) D $ 66.92 33,644 D
Common Stock 03/08/2024 M 824 A 34,468 D
Common Stock 03/08/2024 F 253 ( 3 ) D $ 66.92 34,215 ( 4 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Units ( 2 ) 03/08/2024 M 824 ( 2 ) 03/08/2031 Common Stock 824 $ 0 0 D
Option (right to buy) $ 17.58 ( 5 ) 12/08/2025 Common Stock 500 500 D
Option (right to buy) $ 16.82 ( 5 ) 12/31/2026 Common Stock 1,125 1,125 D
Option (right to buy) $ 19.04 ( 5 ) 12/20/2027 Common Stock 5,000 5,000 D
Option (right to buy) $ 22 ( 5 ) 04/25/2028 Common Stock 32,610 32,610 D
Option (right to buy) $ 44.91 ( 5 ) 02/08/2029 Common Stock 712 712 D
Option (right to buy) $ 49.93 ( 5 ) 03/20/2029 Common Stock 8,396 8,396 D
Option (right to buy) $ 65.26 ( 6 ) 05/08/2030 Common Stock 14,299 14,299 D
Performance Units ( 7 ) ( 7 ) 02/24/2032 Common Stock 1,176 1,176 D
Performance Units ( 8 ) ( 8 ) 03/01/2034 Common Stock 1,096 1,096 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Jacobs Jeffrey Scott
C/O DAYFORCE, INC.
3311 EAST OLD SHAKOPEE ROAD
MINNEAPOLIS, MN55425
Head of Acct & Fin Reporting
Signatures
/s/ William E. McDonald, attorney-in-fact 03/12/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )In connection with the vesting of 824 shares of common stoc k of the Issuer ("Common Stock") on March 8, 2024, subject to a restricted stock unit ("RSU") award granted on March 8, 2021, 253 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the RSU award agreement and 571 shares of Common Stock were issued to the reporting person.
( 2 )Given the Company's performance in 2021 and pursuant to the terms of the performance stock unit ("PSU") award agreement ("PSU Agreement"), each PSU granted on March 8, 2021 will convert into 1 share of Common Stock upon vesting. The vesting of 824 PSUs occurred on March 8, 2024.
( 3 )In connection with the vesting of 824 shares of Common Stock on March 8, 2024, subject to a PSU award granted on March 8, 2021, 253 shares of Common Stock were forfeited to pay withholding taxes as required pursuant to the terms of the PSU Agreement and 571 shares of Common Stock were issued to the reporting person.
( 4 )Includes (i) 12,666 shares of Common Stock, (ii) shares of Common Stock issuable pursuant to RSUs, granted on February 24, 2022, of which 1,412 shares vest on February 24, 2025; (iii) shares of Common Stock issuable pursuant to RSUs, granted on February 28, 2023, of which 2,742 shares vest on February 28, 2025, and 2,743 shares vest on February 28, 2026; and (iv) shares of Common Stock issuable pursuant to RSUs, granted on March 1, 2024, of which 4,884 shares vest on each of March 1, 2025, March 1, 2026, and March 1, 2027.
( 5 )Fully vested and exercisable.
( 6 )Consists of 10,724 vested and exercisable options as of May 8, 2023, and 3,575 options that vest and become exercisable on May 8, 2024.
( 7 )Given the Company's performance in 2022 and pursuant to the terms of the PSU Agreement, each PSU granted on February 24, 2022 will convert into 1 share of Common Stock upon vesting. The vesting of 1,176 PSUs occurs on February 24, 2025.
( 8 )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 2024 Management Incentive Plan ("2024 MIP") are satisfied. The number of PSUs reported in Table II reflects achievement at the target level of performance under the 2024 MIP. Based on actual results during the fiscal year ended December 31, 2024, the aggregate number of shares of Common Stock issued may range from zero shares to 167% of the target number of shares reported in 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 2024 MIP for the individual and (ii) the one-year anniversary of the date of grant.

Remarks:
For Jeffrey Jacobs, pursuant to the Power of Attorney previously filed.

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