George J. Still, Jr.
WorkdayAbout George J. Still, Jr.
George J. Still, Jr. is an independent director at Workday (WDAY), age 67, serving on the Board since 2009. He is Partner Emeritus at Norwest Venture Partners, holds a B.S. in Accounting from Pennsylvania State University and an MBA from Dartmouth’s Tuck School, and is Workday’s longest-serving independent director. He currently chairs the Compensation Committee and serves on the Investment Committee, bringing deep financial and investing acumen and historical context to the Board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Norwest Venture Partners | Partner Emeritus; Co-Managing Partner | Joined 1989; Co-MP 1994–2014 | Led sole venture investment in PeopleSoft; broad tech investing experience |
| Ernst & Young LLP | Public Accounting | Prior to venture roles | Accounting background; financial expertise |
| Centennial Funds | Partner | Prior to Norwest | Venture capital investing |
| PeopleSoft, Inc. | Director | 1991–2001 | Strategic oversight during growth phase |
| Still Capital Partners, LLC | Founder/Manager | 2014–present | Investment management |
| Tuck School of Business (Advisory Boards) | Board of Advisors (Tuck; Center for Private Equity & VC) | 2011–2019 | Academic/industry interface in PE/VC |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Stillwater Growth Corp I, LLC | Director | Feb 2021–Dec 2022 | Former public company directorship (SPAC) |
- Also serves as a director of two private companies (not named in proxy) .
Board Governance
| Item | Detail |
|---|---|
| Independence | Independent director |
| Board Tenure | Director since 2009 |
| Current Committee Assignments | Compensation Committee (Chair); Investment Committee (Member) |
| Committee Activity (FY2025) | Compensation Committee met 5 times and took 14 UWC actions ; Investment Committee met 3 times |
| Lead Independent Director rotation | Mr. Still previously served as Lead Independent Director; role rotated to Mark J. Hawkins as of Apr 22, 2025 |
| Executive sessions | Independent directors hold executive sessions at each regular Board meeting |
| Annual meeting attendance | All directors, including Mr. Still, attended the June 18, 2024 annual meeting |
Fixed Compensation
| Component (FY2025) | Amount/Policy |
|---|---|
| Cash retainer | The company did not pay any cash compensation or other fees to non-employee directors in FY2025 for Board service |
| Committee chair/member fees | No additional cash fees disclosed; compensation delivered via equity per director grant table |
| Meeting fees | None disclosed; equity-only director compensation in FY2025 |
Performance Compensation
| Equity Award (FY2025) | Grant Date | Shares | Grant-Date Fair Value ($) | Vesting |
|---|---|---|---|---|
| RSU – Non-employee director grant (as Vice Chair) | 6/18/2024 | 2,118 | 439,887 | Vests in full on 5/5/2025 |
| Outstanding RSUs as of 1/31/2025 | Units | Market Value at $262.06 |
|---|---|---|
| Unvested RSUs | 2,118 | 555,043 |
- Market value calculated by the company using the 1/31/2025 closing price of $262.06 .
Performance metrics applied to director equity:
- None. Director RSUs are time‑based; FY2025 director grants vest in full on a stated date (no performance conditions) . Broader company disclosure notes RSUs generally time-based for employees; directors’ FY2025 grants explicitly time-based .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None disclosed (current) |
| Prior public company boards | Stillwater Growth Corp I, LLC (Feb 2021–Dec 2022) |
| Compensation Committee interlocks (WDAY) | None during the past year |
Expertise & Qualifications
- Financial and investing acumen from decades in venture capital (Norwest; Still Capital Partners) .
- Prior operating oversight experience as PeopleSoft director (1991–2001) .
- Academic governance exposure via Tuck advisory boards (2011–2019) .
- Education: B.S. in Accounting (Penn State); MBA (Tuck) .
Equity Ownership
| Category | Shares |
|---|---|
| Direct holdings | 42,129 |
| RSUs vesting within 60 days of 4/7/2025 | 2,118 |
| Still Family Trust | 75,000 (Mr. Still and spouse each have sole voting and dispositive powers) |
| Still Family Partners, LLC | 114,784 (Mr. Still has joint voting and dispositive powers with his children) |
| Total beneficial ownership (Class A) | 234,031; <1% of outstanding; <1% voting power |
| Hedging/Pledging policy | Hedging prohibited for all; pledging prohibited for executives, directors, and SVPs |
| Director stock ownership guideline | Set dollar amount of $600,000 for Board members |
Governance Assessment
-
Strengths:
- Independent director since 2009; chairs Compensation Committee and sits on Investment Committee, indicating strong board trust and governance influence .
- Equity-only director compensation in FY2025 aligns director pay with shareholder outcomes; no cash retainers or meeting fees paid .
- Meaningful share ownership (234,031 Class A shares beneficially owned); RSU awards are time-based and straightforward .
- Robust governance policies: independent committees; prohibition on hedging and pledging; stock ownership guidelines for directors; active use of independent compensation advisor; annual risk assessment of pay .
-
Watch items / RED FLAGS:
- Related-party exposure: Mr. Still’s son (John Still) is a Workday employee (Senior Manager, Marketing Advisory) with FY2025 cash compensation of $259,368; company states compensation and equity aligned with peers and under related-party policy .
- Section 16(a) compliance: one late Form 4 filing for George J. Still, Jr. on October 25, 2024 (company disclosure) .
-
Engagement indicators:
- Compensation Committee met 5 times (plus 14 written consents); Investment Committee met 3 times; Audit met 9 times, indicating active committee cadence .
- All directors attended the 2024 annual meeting; independent director executive sessions held at each regular Board meeting .
Appendix: Committee Scope Snapshots (relevant to Still’s roles)
- Compensation Committee (Chair): Oversees executive and director compensation, peer selection, stock ownership guidelines and recoupment policies, incentive/equity plans, succession planning, human capital strategy, and compensation-related risk .
- Investment Committee (Member): Reviews and approves or recommends M&A, JVs, and investments; met 3 times in FY2025 .
Insider Trades / Compliance
| Item | Detail |
|---|---|
| Section 16(a) reporting | Company notes a late Form 4 for George J. Still, Jr. filed Oct 25, 2024 |
Related Party Transactions (context)
- Employment of Director’s Immediate Family Member: John Still (son of George Still) employed since Oct 2017; FY2025 total cash compensation $259,368; compensation benchmarked to internal peers; equity on same general terms as peers; covered under written related‑party policy .
Citations: