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 11, 2024.

Summary

• On March 11, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock.
• The sales were executed indirectly through several Adams Street Direct Funds and Adams Street Co-Investment Fund II, L.P.
• The prices ranged from $167.64 to $169.08 per share.
• A total of 25,822 Restricted Stock Units (RSUs) are directly owned by Jeffrey T. Diehl.
• Diehl disclaims beneficial ownership of the shares held by the Adams Street funds, except to the extent of any pecuniary interest therein.

Sentiment

Score: 5

Explanation: This is a neutral report of stock sales by a director, with no explicit positive or negative implications. The sentiment is therefore considered neutral.

Industry Context

Form 4 filings are a routine part of insider trading activity and are closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment.

Key Dates