Form 4: Paylocity Holding Corp: Senior Vice President Sales, Joshua Scutt, Reports Stock Sale

Joshua Scutt, Senior Vice President Sales at Paylocity Holding Corp, reports the sale of 1,975 shares of common stock at $170 per share on October 4, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On October 4, 2024, Joshua Scutt, Senior Vice President Sales at Paylocity Holding Corp, sold 1,975 shares of common stock.
• The sale was executed at a price of $170 per share.
• The transaction was conducted under a pre-approved 10b5-1 trading plan adopted on March 13, 2024.
• Following the transaction, Scutt directly owns 41,716 shares of Paylocity Holding Corp.
• The reporting person has designated Kris Kang as attorney-in-fact.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives. It is common for executives to utilize 10b5-1 plans to sell shares over time to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by a company executive could have a minor negative impact on shareholder sentiment, but the impact is likely to be minimal given the pre-planned nature of the transaction.

Key Dates