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

Director Jeffrey T. Diehl reports the sale of Paylocity Holding Corp shares held indirectly through various Adams Street funds on March 12, 2024.

Summary

• On March 12, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock at a price of $169.28 per share.
• The sales were executed indirectly through various Adams Street Direct Funds and Adams Street Co-Investment Fund II, L.P.
• 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: The document is a standard SEC Form 4 filing, reporting stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

This filing reflects the trading activity of a company insider, which is a common occurrence. Investors often monitor these filings for insights into management's perspective on the company's stock and future prospects.

Stakeholder Impact

• The stock sale by a director could be perceived differently by stakeholders; some may see it as a lack of confidence, while others may view it as a normal portfolio diversification strategy.

Key Dates