Form 4: Paylocity Holding Corp Director Jeffrey T. Diehl Reports Changes in Beneficial Ownership

Director Jeffrey T. Diehl reports transactions involving Paylocity Holding Corp common stock, including sales at an average price of $171.64, and indirect ownership through various Adams Street funds.

Summary

• On March 13, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported changes in beneficial ownership of the company's common stock.
• Diehl sold shares indirectly through various Adams Street Direct Funds at a weighted average price of $171.64.
• The sales involved multiple transactions with prices ranging from $171.49 to $171.83.
• Diehl also directly owns 25,822 Restricted Stock Units (RSUs).
• Diehl disclaims beneficial ownership of shares held by the Adams Street funds, except to the extent of any pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's view of the company's prospects.

Key Dates