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 on March 14, 2024.

Summary

• Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock on March 14, 2024.
• The sales were executed at a weighted average price of $168.82 per share.
• The shares were held indirectly through various Adams Street Direct Funds and Co-Investment Fund.
• Diehl also directly owns 25,822 shares of common stock.
• 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: This is a neutral disclosure of a transaction. The sale itself doesn't necessarily indicate a positive or negative outlook, but rather a routine financial activity.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by a director, which could be for various reasons, including portfolio diversification or personal financial planning.

Stakeholder Impact

• The sale of shares by a director could potentially influence investor sentiment, although the impact is likely to be minimal given the indirect nature of the holdings and the disclaimer of beneficial ownership.

Key Dates