Suku Radia
WORKIVAAbout Suku Radia
Suku Radia, age 73, has served on Workiva’s board since 2014 and is currently Audit Committee Chair and a member of the Compensation Committee. He retired in 2017 after nearly a decade as CEO/President/Director of Bankers Trust, previously served eight years as CFO of Meredith Corporation, and spent 25 years at KPMG as an M&A partner. He holds a B.S. in Accounting from Iowa State University and is a CPA (inactive); he is Executive-in-Residence at Iowa State’s Ivy College of Business and has served on multiple charitable and educational boards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Bankers Trust Company | CEO, President, Director | Retired 2017; served for almost a decade | Led Iowa-based community bank; senior leadership and capital markets experience |
| Meredith Corporation (NYSE: MDP) | Chief Financial Officer | Eight years | Accounting/financial leadership; public company CFO experience |
| KPMG | Partner (M&A) | 25 years | Transaction advisory; accounting expertise |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Nationwide Insurance Company | Director and Audit Committee Chair | 2014–2024 | Audit leadership at major insurer |
| National Chiropractic Mutual Insurance Co. (NCMIC) | Director | 2020–present | Ongoing board role |
Board Governance
- Committee assignments: Audit Committee Chair; Compensation Committee member .
- Independence: Board determined Radia is independent under SEC and NYSE rules .
- Attendance: Board met 8 times in 2024; each director attended at least 75% of Board and committee meetings on which they served; directors attended the May 30, 2024 annual meeting webcast .
- Election results (May 29, 2025): For 67,843,271; Withhold 12,915,893; Broker non-votes 3,280,720 (Class II term to 2028) .
- Audit Committee expertise: Radia, Herz, Mulcahy are “audit committee financial experts” under SEC rules; Audit Committee met 5 times in 2024 .
- Compensation Committee: Met 6 times in 2024; members were Bonner (chair), Mulcahy, Radia .
Fixed Compensation
| Component | Amount (USD) | Period | Notes |
|---|---|---|---|
| Annual cash retainer (non-employee directors) | $50,000 | 2024 | Standard board retainer |
| Audit Committee Chair fee | $20,000 | 2024 | Committee chair premium |
| Compensation Committee member fee | $7,500 | 2024 | Committee member fee |
| Total cash fees (Radia) | $77,500 | 2024 | Sum of retainer + committee fees |
| Meeting fees | None disclosed | 2024 | No meeting fees noted |
Performance Compensation
| Metric | Design | Period | Outcome |
|---|---|---|---|
| Director equity awards | Annual RSUs (no performance conditions) | 2024 | RSUs vest fully one year from grant; directors may defer settlement |
| Director PSUs/options | Not granted to non-employee directors in 2024 | 2024 | Proxy states only RSUs granted to directors |
Director Equity Awards (Structure and 2024 Grant Detail)
| Item | Detail | Period | Notes |
|---|---|---|---|
| Annual director RSU fair value | $215,000 | May 30, 2024 grant | 2,817 RSUs at $76.31; vest one year from grant; Radia elected to defer receipt |
| Unvested RSUs (as of 12/31/2024) | 2,817 | 2024 YE | Radia deferred receipt of these shares |
Other Directorships & Interlocks
| Company | Potential Interlock | Relevance |
|---|---|---|
| Nationwide Insurance Company | Prior Audit Chair | Financial services oversight; no Workiva conflict disclosed |
| NCMIC | Director | Insurance sector board; no Workiva conflict disclosed |
Expertise & Qualifications
- Financial/accounting expertise; former public company CFO; designated Audit Committee financial expert .
- Capital markets and M&A experience from KPMG partnership and banking leadership .
- Governance and committee leadership across multiple boards .
Equity Ownership
| Metric | Amount | As of | Notes |
|---|---|---|---|
| Class A shares beneficially owned | 28,154 | March 31, 2025 | Held via Suku Radia Revocable Trust; <1% ownership |
| Ownership % of class | <1% | March 31, 2025 | As reported in beneficial ownership table |
| Unvested RSUs | 2,817 | 12/31/2024 | Director RSUs; settlement deferred |
| Pledged shares | None disclosed | March 31, 2025 | Company policy prohibits pledging; table does not indicate pledges |
| Stock ownership guideline | 5× annual cash retainer (directors) | Policy | All non-employee directors in compliance as of 3/31/2025 |
Insider Trades (Form 4)
| Date (Period of Report) | Transaction Type | Instrument | Shares/Notes | Source |
|---|---|---|---|---|
| 2024-05-30 | Grant | RSUs under 2014 Plan | Annual director RSU grant (2,817 RSUs referenced in proxy) | |
| 2024-08-28 | Gift | Class A | Gift to revocable living trust | |
| 2024-11-11 | Reported change | — | Form 4 filed; transaction reported on 11/11/2024 | |
| 2025-05-30 | Grant | RSUs under 2014 Plan | Annual director RSU grant |
Governance Assessment
- Strengths: Independent director with deep accounting/CFO experience; Audit Chair and audit committee financial expert; strong engagement (attendance ≥75% of Board/committee meetings; attendance at annual meeting) .
- Alignment: Director RSU grants with one-year vest and deferral option; stock ownership guidelines (5× cash retainer) with full compliance as of March 31, 2025; anti-hedging/anti-pledging policy reinforces alignment .
- Potential signals: 2025 election “withhold” votes of 12,915,893 vs. 67,843,271 “for” indicate some shareholder scrutiny; monitor future vote trends and any investor feedback .
- Conflicts: Board deemed Radia independent; proxy outlines related-party transaction review and approval policy; no specific related-party transactions disclosed involving him in the provided sections .
RED FLAGS to monitor: Any increase in withhold votes in future elections, changes in committee leadership affecting audit oversight, or departures from ownership/anti-pledging policies .