Form 4: Paylocity Holding Corp: Sr Vice President Operations, Andrew Cappotelli, Reports Stock Sale
SEC Form 4
Andrew Cappotelli, Sr Vice President Operations at Paylocity Holding Corp, reports the sale of 1,508 shares of common stock at a price of $169.97 per share.
Summary
- On October 4, 2024, Andrew Cappotelli, Sr Vice President Operations at Paylocity Holding Corp, sold 1,508 shares of common stock.
- The sale was executed at a price of $169.97 per share.
- Following the transaction, Cappotelli directly owns 15,256 shares of Paylocity Holding Corp.
- The sale was conducted under an approved 10b5-1 Plan adopted on May 15, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine insider sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative prospects for the company.
Industry Context
This is a routine disclosure of an insider stock sale. Insider sales can sometimes be interpreted negatively by the market, but the existence of a 10b5-1 plan suggests the sale was pre-planned and not based on current inside information.
Stakeholder Impact
- The sale of shares by a company insider could have a slight negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| May 15, 2024 | Date the reporting person adopted the 10b5-1 Plan |
| October 04, 2024 | Date of the transaction (stock sale) |
| October 07, 2024 | Date of signature for the Form 4 filing |
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