Form 4: Paycor HCM Director Jonathan Corr Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Jonathan Corr sold 1,508 shares of Paycor HCM, Inc. common stock at an average price of $18.299 per share under a pre-arranged 10b5-1 trading plan.
Summary
- On April 4, 2024, Jonathan Corr, a director of Paycor HCM, Inc., sold 1,508 shares of common stock.
- The sale was executed under a Rule 10b5-1 trading plan adopted on August 21, 2023.
- The shares were sold at a weighted average price of $18.299, with individual transactions ranging from $18.29 to $18.31.
- Following the transaction, Corr directly owns 18,480 shares of Paycor HCM, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a stock sale by a director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 08/21/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 04/04/2024 | Date of transaction (stock sale) |
| 04/05/2024 | Date of Form 4 filing |
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