Form 4: Paylocity Director Andres Reiner Receives Stock Grant

Director Andres Reiner acquired 1,338 shares of Paylocity Holding Corp through a restricted stock unit (RSU) grant.

Summary

• On August 15, 2024, Andres Reiner, a director of Paylocity Holding Corp, acquired 1,338 shares of common stock.
• The acquisition was through a grant of restricted stock units (RSUs).
• These RSUs will vest 25% quarterly, fully vesting on the first anniversary of the grant date.
• Following the transaction, Reiner directly owns 27,125 shares of Paylocity.
• The grant is settled under the terms of Paylocity's 2023 Equity Incentive Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The RSU grant aligns the director's interests with those of the shareholders, incentivizing performance and long-term value creation.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to align their interests with shareholders and incentivize long-term value creation.

Stakeholder Impact

• The RSU grant could have a slightly positive impact on shareholder sentiment as it aligns director interests with those of the shareholders.

Key Dates