Form 4: Paycor HCM, Inc. Executive Alice L. Geene Sells Shares Under 10b5-1 Trading Plan

Alice L. Geene, Chief Legal Officer and Secretary of Paycor HCM, Inc., sold 1,577 shares of common stock at an average price of $18.3853 on April 4, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 4, 2024, Alice L. Geene, the Chief Legal Officer and Secretary of Paycor HCM, Inc. (PYCR), sold 1,577 shares of the company's common stock.
• The sale was executed at a weighted average price of $18.3853 per share.
• The transactions occurred at prices ranging from $18.295 to $18.48.
• Following the reported transaction, Geene directly owns 107,581 shares of Paycor HCM, Inc.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on August 23, 2023.

Sentiment

Score: 5

Explanation: The document reports a routine stock sale by an executive under a pre-arranged trading plan, which is neither particularly positive nor negative.

Industry Context

Sales by company executives are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact due to the pre-planned nature of the transaction.

Key Dates