Form 4: Paylocity Holding Corp Director Steven R. Beauchamp Reports Changes in Beneficial Ownership

Steven R. Beauchamp, Co-Chief Executive Officer of Paylocity Holding Corp, reports changes in beneficial ownership of company stock due to tax withholding related to vesting of restricted stock units.

Summary

• On May 15, 2024, Steven R. Beauchamp, Co-Chief Executive Officer of Paylocity Holding Corp, reported a transaction involving common stock.
• The transaction involved the disposition of 1,446 shares of common stock at a price of $169.86 per share to cover tax obligations.
• Following the transaction, Beauchamp directly owns 1,745,022 shares of Paylocity Holding Corp.
• Beauchamp also indirectly owns 220,000 shares through the IRIE Family Trust and 22,500 shares through the IRIE Foundation.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This allows investors to track insider sentiment and potential alignment with company performance.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for all publicly traded companies in the United States.
• Similar filings are made by executives at companies like Workday (WDAY) and Automatic Data Processing (ADP) when they trade their company's stock.
• The level of detail and the type of information disclosed are consistent across these filings, ensuring a level playing field for investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates