Form 4: Paylocity Holding Corp Executive Receives Stock Grant

Melissa Ann King, SVP of Product and Technology at Paylocity Holding Corp, was granted 17,943 restricted stock units (RSUs) on January 2, 2025.

Summary

• Melissa Ann King, a Senior Vice President at Paylocity Holding Corp, received a grant of 17,943 restricted stock units (RSUs).
• These RSUs will vest over a four-year period, with 6.25% vesting every three months, starting from the grant date.
• Each RSU entitles Ms. King to one share of Paylocity's common stock upon vesting.
• The grant was made under the terms of the company's 2023 Equity Incentive Plan.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively for aligning interests. There are no negative implications.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

Equity grants are a common practice in the technology industry to attract and retain key talent.

Comparison to Industry Standards

• Many technology companies use restricted stock units as part of their compensation packages.
• The four-year vesting schedule with quarterly vesting is a fairly standard practice in the industry.
• Companies like Workday, Salesforce, and ServiceNow also use similar equity compensation plans for their executives.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the executive to drive company performance.
• Employees may see this as a sign of the company's commitment to its leadership.

Key Dates

Keywords

restricted stock units, RSU, equity compensation, stock grant, executive compensation, Paylocity, PCTY