Form 4: Paylocity Director Granted 1,261 RSUs

Paylocity Holding Corp Director Linda M. Breard was granted 1,261 restricted stock units, vesting quarterly over one year.

Summary

• Director Linda M. Breard of Paylocity Holding Corp (PCTY) was granted 1,261 restricted stock units (RSUs) on August 15, 2025.
• Each RSU entitles the recipient to one share of Common Stock, par value $0.001.
• The RSUs will vest 25% quarterly, completing vesting on the first anniversary of the grant date.
• The grant was made under the Issuer's 2023 Equity Incentive Plan.
• Following this transaction, Linda M. Breard beneficially owns a total of 3,526 shares of Common Stock.

Sentiment

Score: 6

Explanation: The grant of restricted stock units to a director is a positive signal as it aligns the director's long-term interests with those of shareholders, incentivizing performance and commitment. It is a routine compensation event.

Positives

• The grant of restricted stock units aligns the director's interests with long-term shareholder value.
• The equity incentive plan provides a mechanism to attract and retain key personnel.

Future Outlook

The granted restricted stock units are scheduled to vest 25% quarterly, with full vesting occurring on the first anniversary of the grant date (August 15, 2026).

Industry Context

The grant of restricted stock units to a director is a standard practice in corporate governance across various industries, serving as a common form of non-cash compensation designed to align the interests of directors with those of shareholders by providing an equity stake in the company.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is a widely adopted practice among publicly traded companies, including those in the human capital management software sector, such as Workday (WDAY) or Automatic Data Processing (ADP), reflecting a standard approach to incentivize long-term commitment and performance.

Corporate Governance

Related Party Transactions

• Grant of 1,261 restricted stock units to Linda M. Breard, a director of Paylocity Holding Corp, as part of her compensation.

Stakeholder Impact

• Shareholders: Interests are further aligned with the director through equity ownership, potentially leading to more shareholder-centric decision-making.
• Director: Receives equity compensation, incentivizing long-term commitment and performance.

Next Steps

• The restricted stock units will vest 25% quarterly, with full vesting on August 15, 2026.

Key Dates

Keywords

Paylocity, PCTY, Director, RSU, Restricted Stock Units, Equity Incentive Plan, Insider Transaction, Form 4, Stock Grant