Form 4 for PCTY Paylocity Holding Corp

Accepted 2024-09-12 00:00:00 ET · period of report 2024-09-10 · accession 0001591698-24-000236 · 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	2024-09-12	2024-09-10	PCTY	Lohani Rachit	CTO	M - OptEx	$0.00	+4,913	48.3K	+11%	$0
D	2024-09-12	2024-09-10	PCTY	Lohani Rachit	CTO	M - OptEx	$0.00	-3,509	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, par value $0.001	2024-09-10	M	A	1,404	$0.00	44,764	D	—	—	(F1) Represents unvested restricted stock units ("RSUs") converted from Market Stock Units granted on October 1, 2021, based on the achievement by the Issuer of certain total shareholder return objectives over the three-year performance period ending August 31, 2024. The RSUs will vest on October 1, 2024, subject to the Reporting Person's continued employment.
2	Common	Common Stock, par value $0.001	2024-09-10	M	A	3,509	$0.00	48,273	D	—	—
3	Derivative	Market Stock Units	2024-09-10	M	D	3,509	$0.00	0	D	$0.00 · — to —	3,509 Common Stock, par value $0.001	(F2) Each Market Stock Unit entitles the Reporting Person to a payout of shares of Issuer Common Stock equal to between 0% and 200% of such Market Stock Unit depending on the relative performance of the total shareholder return of Issuer Common Stock compared with that of a peer group over a three-year performance period ending August 31, 2024. (F3) The Market Stock Units converted to restricted units upon determination by the Compensation Committee of the level of achievement of the performance criteria. (F4) Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.