Form 4: Paycor HCM Director Jonathan Corr Sells Shares Under 10b5-1 Trading Plan

Director Jonathan Corr sold 1,508 shares of Paycor HCM, Inc. (PYCR) common stock at $13.47 per share on October 8, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 8, 2024, Jonathan Corr, a director of Paycor HCM, Inc. (PYCR), sold 1,508 shares of the company's common stock.
• The sale was executed at a price of $13.47 per share.
• Following the transaction, Corr directly owns 15,464 shares of Paycor HCM, Inc.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on August 21, 2023.

Sentiment

Score: 5

Explanation: Neutral. This is a standard regulatory filing for an insider stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of an insider stock sale. Rule 10b5-1 plans are common mechanisms for corporate insiders to sell shares without raising concerns about trading on non-public information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates