Form 4: Paylocity CFO Sells Shares for Tax Obligations
Insider Transaction
Paylocity Holding Corp's CFO, Ryan Glenn, disposed of 2,435 shares of common stock to cover tax withholding obligations at a price of $148.05 per share.
Summary
- Ryan Glenn, Chief Financial Officer of Paylocity Holding Corp (PCTY), reported a disposition of common stock.
- The transaction involved 2,435 shares of common stock, par value $0.001, disposed of on November 17, 2025.
- The shares were disposed of at a price of $148.05 per share.
- This disposition was made to satisfy tax withholding obligations.
- Following the transaction, Ryan Glenn beneficially owns 78,966 shares of common stock directly.
- The transaction was made pursuant to a Rule 10b5-1(c) plan.
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares to cover tax withholding obligations, which is a common practice for executives receiving equity compensation. It does not indicate a change in sentiment towards the company's prospects.
Future Outlook
N/A
Industry Context
This is a routine insider transaction for tax purposes and does not directly reflect broader industry trends or competitive positioning. Such transactions are common for executives receiving equity compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Disclosure of Trading Plan | The reported transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan designed to avoid insider trading allegations. | 11/17/2025 | This demonstrates adherence to corporate governance best practices regarding insider trading and enhances transparency around executive stock transactions. |
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, tax-related disposition and not a discretionary sale indicating a change in confidence.
- Employees: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 11/17/2025 | Date of transaction where shares were disposed. |
| 11/18/2025 | Date the Form 4 was filed with the SEC. |
Keywords
Paylocity Holding Corp, PCTY, Insider Trading, Form 4, Ryan Glenn, CFO, Stock Sale, Tax Withholding, 10b5-1 Plan
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