Form 4: Paylocity CFO Ryan Glenn Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Paylocity Holding Corp's CFO, Ryan Glenn, sold 1,708 shares of common stock at a price of $216.63 per share on February 19, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On February 19, 2025, Ryan Glenn, the Chief Financial Officer of Paylocity Holding Corp, sold 1,708 shares of the company's common stock.
- The sale was executed at a price of $216.63 per share.
- Following the transaction, Glenn directly owns 45,027 shares of Paylocity.
- The sale was conducted under a pre-approved 10b5-1 trading plan adopted on November 20, 2024.
Sentiment
Score: 5
Explanation: The document reports a routine stock sale by an executive under a pre-arranged trading plan, which is neither particularly positive nor negative.
Industry Context
Sales by insiders are a normal part of corporate activity. Investors often look to the overall trend of insider transactions to gauge sentiment. Sales under 10b5-1 plans are generally viewed as less informative since they are pre-scheduled.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024-11-20 | Date of adoption of the 10b5-1 trading plan. |
| 2025-02-19 | Date of the stock sale transaction. |
| 2025-02-21 | Date of signature of the Form 4 filing. |
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