Form 4: Paylocity Director Virginia G. Breen Reports Acquisition of Common Stock

Director Virginia G. Breen reports acquiring 1,338 shares of Paylocity Holding Corp common stock through a grant of restricted stock units.

Summary

• On August 15, 2024, Virginia G. Breen, a director of Paylocity Holding Corp, acquired 1,338 shares of common stock.
• The acquisition was through a grant of restricted stock units (RSUs).
• Each RSU entitles the holder to one share of common stock.
• The RSUs vest 25% quarterly, fully vesting on the first anniversary of the grant date.
• Following the transaction, Breen directly owns 9,033 shares of Paylocity Holding Corp.
• The grant will be settled pursuant to the terms of the Issuer's 2023 Equity Incentive Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director, which is neither particularly positive nor negative.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The RSUs will vest 25% quarterly, such that the RSUs will vest completely on the first anniversary of the date of grant.

Industry Context

This is a standard SEC Form 4 filing, reflecting a change in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates