Form 4: Paylocity CFO Ryan Glenn Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Paylocity Holding Corp's CFO and Treasurer, Ryan Glenn, disposed of 755 shares of common stock on May 15, 2024, to satisfy tax withholding obligations.
Summary
- On May 15, 2024, Ryan Glenn, the CFO and Treasurer of Paylocity Holding Corp, disposed of 755 shares of common stock.
- The transaction was executed at a price of $169.86 per share.
- This disposal was conducted to cover tax obligations related to equity awards.
- Following the transaction, Glenn directly owns 32,474 shares of Paylocity Holding Corp.
- The transaction was reported on a Form 4 filing with the SEC on May 17, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (disposal of shares for tax obligations) and has no inherent positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is a common practice to cover tax obligations related to stock awards.
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
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Ryan Glenn disposed of 755 shares of Paylocity Holding Corp. |
| 05/17/2024 | Date of Form 4 filing with the SEC. |
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