Form 4: Paylocity Holding Corp: CEO Toby J. Williams Reports Stock Disposal
SEC Form 4 Filing
CEO Toby J. Williams of Paylocity Holding Corp reports the disposal of 1,275 shares of common stock to cover tax obligations.
Summary
- On March 11, 2025, Toby J. Williams, the President and CEO of Paylocity Holding Corp, disposed of 1,275 shares of common stock.
- The transaction was executed to cover tax obligations.
- Following the transaction, Williams directly owns 130,839 shares of Paylocity Holding Corp.
- The price per share for the disposal was $188.6.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction. It's a routine disclosure and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor executive behavior and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date of stock disposal transaction |
| 03/13/2025 | Date of signature on the Form 4 filing |
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