Form 4: Paylocity CFO Ryan Glenn Sells 500 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Paylocity Holding Corp's CFO, Ryan Glenn, executed a sale of 500 shares of common stock at a price of $203.28 per share on November 6, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On November 6, 2024, Ryan Glenn, the Chief Financial Officer of Paylocity Holding Corp, sold 500 shares of the company's common stock.
- The sale was executed at a price of $203.28 per share.
- This transaction was conducted under a pre-approved 10b5-1 trading plan that was adopted on September 14, 2023.
- Following the transaction, Ryan Glenn directly owns 52,134 shares of Paylocity Holding Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| September 14, 2023 | Date the 10b5-1 plan was adopted by Ryan Glenn. |
| November 06, 2024 | Date of the stock sale transaction. |
| November 08, 2024 | Date of the signature on the Form 4 filing. |
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