Form 4: Paylocity Holding Corp Director Jeffrey T. Diehl Reports Sale of Shares
SEC Form 4
Director Jeffrey T. Diehl reports the sale of Paylocity Holding Corp shares held indirectly through various Adams Street funds.
Summary
- On November 8, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock.
- The sales were executed at weighted average prices of $211.10 and $211.68.
- The transactions involved shares held indirectly through various Adams Street Direct Funds and Adams Street Co-Investment Fund II, L.P.
- Diehl also directly owns 27,160 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider trading activity, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company directors.
Stakeholder Impact
- The sale of shares by a director may be perceived negatively by some shareholders, although the amounts are relatively small and conducted through investment funds.
- The disclosure provides transparency to stakeholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 11/08/2024 | Date of the reported transactions (sale of shares). |
| 11/12/2024 | Date of the Form 4 filing. |
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