Form 4: Paylocity Holding Corp: Officer Andrew Cappotelli Reports Stock Transaction
SEC Form 4 Filing
Andrew Cappotelli, a Senior Vice President at Paylocity Holding Corp, reported the disposition of 288 shares of common stock on August 14, 2024, to cover tax obligations.
Summary
- On August 16, 2024, a Form 4 filing was submitted to the SEC by Kris Kang, attorney-in-fact for Andrew Cappotelli, a Senior Vice President of Operations at Paylocity Holding Corp.
- The form reports a transaction that occurred on August 14, 2024, where 288 shares of Paylocity common stock were disposed of at a price of $150.13 per share.
- This transaction was related to the satisfaction of tax obligations.
- Following the reported transaction, Cappotelli directly owns 8,293 shares of Paylocity common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares being sold by an executive.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of stock transaction (disposal of shares). |
| 08/16/2024 | Date of Form 4 filing. |
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