RELATED PARTY TRANSACTIONS
In addition to the executive officer and director compensation arrangements discussed under Executive
Compensation, we describe below transactions for fiscal 2020 to which we have been a participant, in which the amount involved in the transaction exceeds or will exceed $120,000 and in which any of our directors, executive officers, or holders
of more than 5% of our Class A common stock, or any immediate family member of, or person sharing the same household with, any of these individuals, had or will have a direct or indirect material interest.
Stock Voting Agreement
Messrs. Duffield and Bhusri, our co-founders, have entered into a stock voting agreement with each other and us. This agreement applies to all Class B
common stock owned from time to time by our co-founders and each of their permitted transferees, which represents approximately 76% of the outstanding voting power of our capital stock.
Employee Members of our Board of Directors
During fiscal 2020, in addition to his role as a member of our Board of Directors, Mr. Stankey was employed by Workday and was paid aggregate compensation of $100,569, including base salary and other
cash compensation.
Real Estate Leases
In fiscal 2020, we leased certain office space in Pleasanton, California under various lease agreements with NPC Holdings, LLC, an affiliate of Mr. Duffield, as set forth in the table below:
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Location
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Expiration
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Base Rent per
Square Foot as
of January 31, 2020
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Tenant
Improvement
Allowance Received
in Fiscal 2020
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Base Rent Paid
in Fiscal 2020
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Building 6120
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07/31/2025
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$
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31.20-37.08
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$
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$
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2,104,535
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Building 6130
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03/31/2023
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27.00-37.08
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3,278,782
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Building 6140
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02/09/2025
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30.00-37.80
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392,700
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4,539,584
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Building 6150
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02/28/2025
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30.60-37.80
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1,536,964
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Building 6160
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05/31/2024
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30.00-33.60
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2,805,172
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Total
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$
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392,700
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$
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14,265,037
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Relationship with Incline Alchemy, Inc.
As of April 9, 2020, Mr. Duffield held approximately 38% of the outstanding capital stock of Incline Alchemy, Inc., a
company majority-owned by Mr. Duffields son, Mike Duffield, a former employee of Workday. Incline Alchemy is part of a network of partners who provide implementation services for Workdays customers. During fiscal 2020, Workday paid
$329,373 to Incline Alchemy for the provision of professional services to Workday customers, and related expenses. In fiscal 2020, Incline Alchemy made payments to Workday in the amount of $764,611 for training hours and tools, as well as fees paid
to Workday for professional service hours. Additionally, Incline Alchemy is a customer of Workday and made customer payments to Workday in the amount of $228,024 in fiscal 2020. These transactions were based on arms-length agreements entered into in
the ordinary course of business.
Employment Arrangements with Immediate Family Members of Our Executive Officers and Directors
Christina Erickson, a
sister-in-law to James J. Bozzini, our Chief Operating Officer, has been employed by us since June 2015. She currently serves as Senior Customer Updates Analyst. During
fiscal 2020, Ms. Erickson had total cash compensation, including base salary and other cash compensation, of $108,495.
John Still, the son of George J. Still, Jr., one of our directors, has been employed by us since October 2017. He currently serves as Manager, Reporting & Insights. During fiscal 2020,
Mr. Still had total cash compensation, including base salary and other cash compensation, of $117,410.
Lien Wolfe, a sister-in-law to
Mr. Bozzini, has been employed by us since February 2015. She currently serves as Senior Director, Services Operations. During fiscal 2020, Ms. Wolfe had total cash compensation, including base salary, bonus, and other cash compensation,
of $318,307.
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