Form 4: Paylocity Holding Corp: Director Jeffrey T. Diehl Reports Stock Sales

Director Jeffrey T. Diehl reported the sale of Paylocity Holding Corp shares held indirectly through various Adams Street funds on March 13, 2024.

Summary

• On March 13, 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 $168.55 to $171.02.
• The shares were held indirectly through various Adams Street direct funds and co-investment funds.
• Diehl disclaims beneficial ownership of these shares except to the extent of any pecuniary interest.
• The transactions were made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by a director. The sales are conducted through investment funds and the director disclaims beneficial ownership, mitigating any negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, and those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Key Dates