Form 4: Paylocity Director Granted 1,261 RSUs

Paylocity Holding Corp Director Kenneth Bernard Robinson was granted 1,261 restricted stock units, vesting quarterly over one year.

Summary

• Director Kenneth Bernard Robinson of Paylocity Holding Corp (PCTY) was granted 1,261 shares of common stock in the form of Restricted Stock Units (RSUs).
• The grant occurred on August 15, 2025, with a transaction price of $0 per share, typical for RSU grants.
• The RSUs will vest 25% quarterly, with full vesting on the first anniversary of the grant date.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities, intended to satisfy Rule 10b5-1(c).
• Following this grant, Kenneth Bernard Robinson beneficially owns 5,338 shares of Paylocity common stock.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a director is a positive sign of continued alignment between management and shareholder interests, reflecting standard compensation practices.

Positives

• The grant of Restricted Stock Units (RSUs) to a director aligns their long-term interests with those of shareholders.
• The vesting schedule encourages continued commitment and retention of the director within the company.

Future Outlook

The granted Restricted Stock Units (RSUs) will vest 25% quarterly, leading to full vesting on the first anniversary of the August 15, 2025 grant date, indicating future share issuance to the director.

Industry Context

The grant of Restricted Stock Units (RSUs) to a director is a standard practice in the technology and software industry, particularly for SaaS companies like Paylocity, to incentivize executive retention and align leadership interests with long-term shareholder value. This compensation structure is common across the sector for attracting and retaining top talent.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) with a multi-year vesting schedule is a common compensation practice for directors in the software and human capital management (HCM) industry, similar to practices observed at companies like Workday (WDAY) or ADP (ADP).
• This structure aims to align director incentives with long-term company performance and shareholder returns, a benchmark for good corporate governance in the tech sector.

Related Party Transactions

• The grant of Restricted Stock Units to Director Kenneth Bernard Robinson constitutes a related party transaction, which is a standard component of director compensation under the company's approved 2023 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with long-term company performance, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• Quarterly vesting of the 1,261 Restricted Stock Units (RSUs) will occur over the next year, starting from August 15, 2025.
• Full vesting of the RSUs is expected on the first anniversary of the grant date.

Key Dates

Keywords

Paylocity Holding Corp, PCTY, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Equity Incentive Plan, Kenneth Bernard Robinson