Form 4: Paylocity CFO Ryan Glenn Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Paylocity Holding Corp CFO and Treasurer Ryan Glenn disposed of 387 shares of common stock on March 11, 2024, to cover tax obligations.
Summary
- Ryan Glenn, CFO and Treasurer of Paylocity Holding Corp, disposed of 387 shares of common stock on March 11, 2024.
- The transaction was executed at a price of $163.74 per share.
- Following the transaction, Glenn directly owns 33,229 shares of Paylocity Holding Corp.
- The disposal was related to covering tax obligations.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing indicates a routine transaction to cover tax obligations, which is a common practice. There's no indication of positive or negative sentiment towards the company's prospects.
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 are closely watched by investors for insights into management's perspective on the company's value and future prospects. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of the transaction where Ryan Glenn disposed of shares. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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