Form 4: Paylocity CEO Toby J. Williams Sells Shares Under 10b5-1 Plan
SEC Form 4
Paylocity Holding Corp's CEO, Toby J. Williams, executed multiple sales of common stock under a pre-arranged 10b5-1 trading plan.
Summary
- On February 14, 2025, Toby J. Williams, the President and CEO of Paylocity Holding Corp, sold shares of common stock in multiple transactions.
- A total of 1,450 shares were sold at a weighted average price of $215.48, with individual prices ranging from $214.99 to $215.98.
- An additional 2,777 shares were sold at a weighted average price of $216.69, with prices ranging from $216.09 to $217.08.
- Further sales included 3,773 shares at a weighted average price of $217.38, with prices ranging from $217.12 to $218.10.
- On February 17, 2025, 3,312 shares were disposed of.
- These transactions were conducted under an approved 10b5-1 plan adopted on February 20, 2024.
- Following these transactions, Williams directly owns 132,114 shares of Paylocity Holding Corp.
- The sales were reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine stock sales under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
The filing indicates routine transactions under a pre-arranged trading plan, which is a common practice among corporate executives to avoid accusations of insider trading. It's important to monitor if similar filings occur frequently, which could indicate a change in management's sentiment towards the company's prospects.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
Key Dates
| Date | Description |
|---|---|
| February 20, 2024 | Date the reporting person adopted the 10b5-1 Plan |
| February 14, 2025 | Date of multiple common stock sales by Toby J. Williams |
| February 17, 2025 | Date of common stock disposal by Toby J. Williams |
| February 19, 2025 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.