Form 4: Paylocity CFO Ryan Glenn Disposes of Shares to Cover Tax Obligations

Paylocity Holding Corp's CFO, Ryan Glenn, disposed of 348 shares of common stock on August 14, 2024, to satisfy tax withholding obligations.

Summary

• On August 14, 2024, Ryan Glenn, the Chief Financial Officer of Paylocity Holding Corp, disposed of 348 shares of common stock.
• The transaction was executed at a price of $150.13 per share.
• The disposal was conducted to cover tax obligations related to equity awards.
• Following the transaction, Glenn directly owns 30,726 shares of Paylocity Holding Corp.
• The transaction was reported on a Form 4 filed with the Securities and Exchange Commission (SEC) on August 16, 2024.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (disposal of shares for tax obligations) by a company executive, which is neither particularly positive nor negative.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. They can be driven by various factors, including tax obligations, diversification, or personal financial planning. These transactions are closely monitored by investors as they can provide insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates