Form 4: Paylocity CFO Ryan Glenn Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Paylocity Holding Corp's CFO, Ryan Glenn, disposed of 364 shares of common stock on August 16, 2024, to cover tax obligations.
Summary
- On August 16, 2024, Ryan Glenn, the Chief Financial Officer of Paylocity Holding Corp, disposed of 364 shares of common stock.
- The transaction was executed at a price of $155.95 per share.
- Following the transaction, Glenn directly owns 52,320 shares of Paylocity Holding Corp.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO, trade their company's stock. These filings provide transparency into the transactions of individuals with access to non-public information.
Stakeholder Impact
- The disposal of shares by an insider could be perceived negatively by some shareholders, but it is a relatively small transaction and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of transaction: Ryan Glenn disposed of 364 shares of Paylocity Holding Corp. |
| 08/20/2024 | Date of signature on the 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.