Form 4: Paylocity Director Sells Shares in Multiple Transactions

Paylocity Holding Corp director Jeffrey T. Diehl sold shares indirectly through various Adams Street funds in multiple transactions on November 12, 2024.

Summary

• Jeffrey T. Diehl, a director at Paylocity Holding Corp, has reported the sale of company shares on November 12, 2024.
• The sales were executed indirectly through several Adams Street investment funds, including 2006, 2007, 2008, 2009, 2010, 2011, 2012 Direct Funds and Co-Investment Fund II.
• The transactions involved multiple sales at weighted average prices of $210.93, $211.60, and $212.66 per share.
• A total of 27,160 restricted stock units (RSUs) were also reported as directly owned by Mr. Diehl, but are held for the benefit of the Adams Street funds.
• Mr. Diehl disclaims beneficial ownership of the shares held by the funds, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral report of share sales by a director, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for directors of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, as mandated by the SEC.
• The transactions are typical for directors who may have shares held in various investment funds.

Stakeholder Impact

• The share sales may have a minor impact on the stock price, but are not expected to significantly affect stakeholders.

Key Dates

Keywords

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