Form 4: Paylocity Holding Corp: Director Jeffrey T. Diehl Reports Sale of Shares

Director Jeffrey T. Diehl reports the sale of Paylocity Holding Corp shares held indirectly through various Adams Street funds.

Summary

• On November 6, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock.
• The sales were executed at weighted average prices ranging from $202.78 to $205.74.
• The shares were held indirectly through various Adams Street Direct Funds and Co-Investment Funds.
• Diehl disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.
• A total of 27,160 RSUs are owned directly by Jeffrey T. Diehl, but are held for the benefit of the Funds.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of share sales. The sales themselves don't necessarily indicate a positive or negative outlook.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors and officers.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the indirect holding and disclaimer of beneficial ownership may mitigate this concern.

Key Dates