Form 4: Paylocity Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
A Paylocity Holding Corp executive, Andrew Cappotelli, sold 375 shares of common stock to cover tax obligations.
Summary
- Andrew Cappotelli, a Senior Vice President at Paylocity Holding Corp, sold 375 shares of the company's common stock on November 15, 2024.
- The sale was executed at a price of $205.5 per share.
- Following the transaction, Cappotelli directly owns 14,881 shares of Paylocity common stock.
Sentiment
Score: 5
Explanation: The document is neutral, reporting a standard stock sale by an executive. It does not indicate any positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to an executive's stock transaction, which is common in publicly traded companies. It does not indicate any specific trend or issue within the industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, and this transaction is consistent with typical executive stock sales.
- Similar filings are regularly made by executives at comparable companies such as Workday and ADP.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale by an executive.
Key Dates
| Date | Description |
|---|---|
| 11/15/2024 | Date of the stock sale transaction. |
| 11/19/2024 | Date the Form 4 was signed. |
Keywords
Paylocity, insider trading, stock sale, executive, Form 4, equity securities
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