Form 4: Paylocity Executive Chairman Steven Beauchamp Reports Stock Sale
SEC Form 4
Steven Beauchamp, Executive Chairman of Paylocity Holding Corp, reports the disposition of 4,078 shares of common stock to cover tax obligations.
Summary
- On August 14, 2024, Steven R. Beauchamp, the Executive Chairman of Paylocity Holding Corp, reported a transaction involving the company's common stock.
- Beauchamp disposed of 4,078 shares at a price of $150.13 per share to cover tax obligations.
- Following the transaction, Beauchamp directly owns 1,740,944 shares of Paylocity common stock.
- He also indirectly owns 220,000 shares through the IRIE Family Trust and 22,500 shares through the IRIE Foundation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and are publicly disclosed to ensure transparency.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of stock transaction |
| 08/16/2024 | Date of signature on the Form 4 filing |
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