Form 4: Paylocity Director Sells Shares in Multiple Transactions

Jeffrey T. Diehl, a director at Paylocity Holding Corp, sold shares indirectly through various Adams Street funds and directly through RSUs on November 13, 2024.

Summary

• Jeffrey T. Diehl, a director at Paylocity Holding Corp, has reported the sale of company stock on November 13, 2024.
• The sales were executed indirectly through several Adams Street Direct Funds and Co-Investment Fund, as well as directly through the sale of 27,160 RSUs.
• The transactions involved multiple sales at a weighted average price of $214.55 and $215.34 per share.
• The total number of shares sold indirectly through the various funds was 5,148.
• The total number of shares sold directly through RSUs was 27,160.
• The shares were sold in multiple transactions at prices ranging from $214.27 to $215.19.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider trading activity. It doesn't indicate positive or negative sentiment, but rather a factual record of transactions.

Industry Context

This is a standard SEC Form 4 filing, which is common when company insiders trade shares. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions are typical for directors who may hold shares through various investment vehicles and personal holdings.
• The sale of shares by a director is not unusual and can be for various personal financial reasons.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is a normal part of market activity.
• The transactions are disclosed to ensure transparency for all stakeholders.

Key Dates

Keywords

Paylocity, PCTY, insider trading, stock sale, Jeffrey T. Diehl, Adams Street, Form 4, share transaction