Form 4: Paylocity Holding Corp: VP & Chief Accounting Officer Nicholas Rost Reports Stock Sale
SEC Form 4
Nicholas Rost, VP & Chief Accounting Officer of Paylocity Holding Corp, reports the sale of 95 shares of common stock at a price of $171.62 per share.
Summary
- On May 16, 2024, Nicholas Rost, the VP & Chief Accounting Officer of Paylocity Holding Corp, sold 95 shares of common stock.
- The sale was executed at a price of $171.62 per share.
- Following the transaction, Rost directly owns 5,082 shares of Paylocity Holding Corp.
- The sale was conducted under an approved 10b5-1 Plan adopted on February 27, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by an officer. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This allows the public to see if company insiders are buying or selling their own company's stock.
Stakeholder Impact
- The sale of shares by a company officer may be perceived by shareholders as a lack of confidence in the company, although sales under 10b5-1 plans are often pre-scheduled and not necessarily indicative of the officer's outlook.
Key Dates
| Date | Description |
|---|---|
| February 27, 2023 | Date the reporting person adopted the 10b5-1 Plan |
| May 16, 2024 | Date of the stock sale transaction |
| May 20, 2024 | Date of the signature on the Form 4 filing |
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