Form 4: Paylocity Holding Corp: Senior Vice President Sales, Joshua Scutt, Reports Stock Transaction
SEC Form 4 Filing
Joshua Scutt, Senior Vice President of Sales at Paylocity Holding Corp, reports the disposition of 677 shares of common stock on May 9, 2024, to cover tax obligations.
Summary
- On May 9, 2024, Joshua Scutt, Senior Vice President Sales at Paylocity Holding Corp, disposed of 677 shares of common stock.
- The transaction was executed at a price of $168.28 per share.
- This disposition was likely to cover tax obligations related to vesting equity.
- Following the transaction, Scutt directly owns 29,644 shares of Paylocity Holding Corp.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing reporting a stock transaction by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of stock transaction (disposition of shares). |
| 05/13/2024 | Date of signature on the Form 4 filing. |
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