Form 4: Paylocity Holding Corp: President and Co-CEO Toby J. Williams Reports Stock Transaction
SEC Form 4 Filing
Toby J. Williams, President and Co-CEO of Paylocity Holding Corp, reported the disposition of 1,800 shares of common stock on May 15, 2024, to cover tax obligations.
Summary
- On May 15, 2024, Toby J. Williams, the President and Co-CEO of Paylocity Holding Corp, disposed of 1,800 shares of common stock.
- The transaction was executed at a price of $169.86 per share.
- This disposition was related to covering tax obligations.
- Following the transaction, Williams directly owns 109,639 shares of Paylocity Holding Corp.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock transaction |
| 05/17/2024 | Date of signature on the report |
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