Form 4: Paycor HCM, Inc. Executive Ryan Bergstrom Reports Changes in Beneficial Ownership

Ryan Bergstrom, an officer at Paycor HCM, Inc., reports the acquisition and disposal of common stock and restricted stock units on October 1, 2024, resulting in an updated beneficial ownership.

Summary

• On October 1, 2024, Ryan Bergstrom, an officer of Paycor HCM, Inc., engaged in transactions involving the company's common stock and restricted stock units (RSUs).
• Bergstrom disposed of 12,970 shares of common stock at a price of $14.02 to cover tax withholding obligations upon the vesting of RSUs.
• Bergstrom also acquired 206,132 shares of common stock through the vesting of RSUs.
• Following these transactions, Bergstrom's total beneficial ownership of Paycor HCM, Inc. common stock is 360,176 shares.
• The RSUs vest in installments, with 33% vesting on October 1, 2025, and the remainder vesting quarterly until the third anniversary of the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. There is no indication of unusual or concerning activity.

Positives

• The vesting of RSUs indicates a continued alignment of the officer's interests with the company's long-term performance.

Future Outlook

The remaining RSUs will continue to vest in quarterly installments until the third anniversary of the grant date, subject to the reporting person's continued service.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments for an executive.

Key Dates