Form 4: Paylocity Executive Chairman Reports Share Disposition

Paylocity Executive Chairman Steven R. Beauchamp reported a disposition of 1,849 shares for tax withholding, executed under a Rule 10b5-1 plan.

Summary

• Steven R. Beauchamp, Executive Chairman and Director of Paylocity Holding Corp (PCTY), reported a transaction involving company common stock.
• On November 17, 2025, Beauchamp disposed of 1,849 shares of Paylocity common stock at a price of $148.05 per share.
• This disposition was coded as 'F', indicating it was for the payment of tax liability by delivering or withholding securities.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Beauchamp directly beneficially owns 1,314,311 shares of common stock.
• He also indirectly beneficially owns 235,000 shares via the IRIE Family Trust, 220,000 shares via the SRB 2025 GRAT, 100,000 shares via the Steven Beauchamp 2025 GRAT, and 69,138 shares via Gotham Triple Advantage Strategy LP.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned disposition of shares by an insider to cover tax withholding obligations, which is a neutral event for the company's operational or financial performance.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary sale.
• The disposition was for tax withholding obligations, suggesting the vesting of equity awards, which is a common form of executive compensation.

Negatives

• A disposition of shares by an insider, even for tax purposes, reduces their direct ownership in the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Indirect beneficial ownership of shares is held through the IRIE Family Trust, SRB 2025 GRAT, Steven Beauchamp 2025 GRAT, and Gotham Triple Advantage Strategy LP.

Stakeholder Impact

• Shareholders: Minimal impact as the transaction is a routine disposition for tax withholding, not a discretionary sale that would signal a change in management's confidence.

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by an executive to satisfy tax withholding obligations, often associated with the vesting of equity awards. This type of insider transaction, especially when executed under a Rule 10b5-1 plan, is generally not indicative of a change in the company's fundamental outlook or the insider's long-term confidence, and therefore does not warrant a change in investment recommendation.

Keywords

Paylocity, PCTY, Steven Beauchamp, Form 4, Insider Transaction, Stock Sale, Executive Chairman, Beneficial Ownership, Tax Withholding, 10b5-1 Plan