Form 4: Paylocity Holding Corp: VP & Chief Accounting Officer Nicholas Rost Reports Stock Sale

Nicholas Rost, VP & Chief Accounting Officer of Paylocity Holding Corp, sold 331 shares of common stock at $138.73 per share on June 17, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 17, 2024, Nicholas Rost, the VP & Chief Accounting Officer of Paylocity Holding Corp, sold 331 shares of common stock.
• The sale was executed at a price of $138.73 per share.
• This transaction was conducted under a pre-approved 10b5-1 trading plan adopted on March 13, 2024.
• Following the transaction, Rost directly owns 4,751 shares of Paylocity Holding Corp.
• The reporting person has signed the document through an attorney-in-fact, Kris Kang.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company. It is common for executives to use 10b5-1 plans to schedule stock sales in advance to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply, but the effect is likely minimal given the relatively small number of shares sold.

Key Dates