Form 4 for PCTY Paylocity Holding Corp
Accepted 2023-08-17 00:00:00 ET · period of report 2023-08-15 · accession 0001591698-23-000132 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-08-17 | 2023-08-15 | PCTY | Williams Toby J. | Pres, Co-CEO, Dir | S - Sale | $197.17 | -8,000 | 123.6K | -6% | -$1.58M |
| DM | 2023-08-17 | 2023-08-15+ | PCTY | Williams Toby J. | Pres, Co-CEO, Dir | F - Tax | $198.85 | -5,199 | 128.5K | -4% | -$1.03M |
| D | 2023-08-17 | 2023-08-15 | PCTY | Williams Toby J. | Pres, Co-CEO, Dir | A - Grant | $0.00 | +29.5K | 132.2K | +29% | $0 |
| D | 2023-08-17 | 2023-08-15 | PCTY | Williams Toby J. | Pres, Co-CEO, Dir | A - Grant | $0.00 | +29.5K | 29.5K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.001 | 2023-08-15 | S | D | 437 | $198.89 | 120,546 | D | — | — | (F2) The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on February 16, 2023. (F5) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $198.44 to $199.30, inclusive. |
| 2 | Common | Common Stock, par value $0.001 | 2023-08-15 | S | D | 2,636 | $197.62 | 120,983 | D | — | — | (F2) The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on February 16, 2023. (F4) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $197.22 to $198.05, inclusive. |
| 3 | Common | Common Stock, par value $0.001 | 2023-08-15 | S | D | 4,927 | $196.77 | 123,619 | D | — | — | (F2) The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on February 16, 2023. (F3) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $196.17 to $197.17, inclusive. The reporting person undertakes to provide to Paylocity Holding Corporation, any security holder of Paylocity Holding Corporation, or 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 footnotes 3, 4 and 5 of this Form 4. |
| 4 | Common | Common Stock, par value $0.001 | 2023-08-16 | F | D | 1,586 | $194.81 | 118,960 | D | — | — | |
| 5 | Common | Common Stock, par value $0.001 | 2023-08-15 | A | A | 29,491 | $0.00 | 132,159 | D | — | — | (F1) Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person to receive one (1) share of Common Stock per RSU. The RSUs will vest over four years beginning on the date of grant at a rate of 6.25% vesting every three months. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan. |
| 6 | Common | Common Stock, par value $0.001 | 2023-08-15 | F | D | 3,613 | $200.62 | 128,546 | D | — | — | |
| 7 | Derivative | Market Stock Units | 2023-08-15 | A | A | 29,491 | $0.00 | 29,491 | D | $0.00 · 2026-09-01 to — | 29,491 Common Stock, par value $0.001 | (F6) Reflects the grant of a target number of market stock units (MSUs) subject to the award as presented in the table which will entitle Reporting Person to receive one (1) share of Common Stock per MSU. The number of MSUs that vest may be 0%-200% of this number ("awarded units"), depending upon performance. Following the achievement by the Issuer of certain total shareholder return objectives, the awarded units will vest on September 1, 2026. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan. (F7) Represents the vesting and release date for these awards. (F8) Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date. |