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 5, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock held indirectly through several Adams Street funds.
• The sales were executed at weighted average prices ranging from $192.19 to $194.59.
• Diehl also directly owns 27,160 Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by a director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of insider trading disclosures, providing transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates