Form 4: Paylocity Holding Corp: Executive Joshua Scutt Reports Stock Disposal
SEC Form 4 Filing
Senior Vice President of Sales, Joshua Scutt, reports disposing of 619 shares of Paylocity Holding Corp stock to cover tax obligations.
Summary
- On May 15, 2024, Joshua Scutt, Senior Vice President Sales at Paylocity Holding Corp, disposed of 619 shares of common stock.
- The transaction was executed at a price of $169.86 per share.
- Following the transaction, Scutt directly owns 29,025 shares of Paylocity Holding Corp.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a stock disposal, likely for tax purposes, which is a routine transaction.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders. These filings are closely monitored by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock disposal transaction |
| 05/17/2024 | Date of signature on the report |
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