Form 4: Paylocity SVP Sells Shares for Tax Obligations

Paylocity Holding Corp's SVP of Product and Technology, Melissa Ann King, disposed of 240 shares of common stock to cover tax withholding obligations.

Summary

• Melissa Ann King, SVP Product and Technology at Paylocity Holding Corp, reported a disposition of company common stock.
• The transaction involved 240 shares of common stock, par value $0.001.
• The shares were disposed of at a price of $148.05 per share.
• The disposition was made to satisfy tax withholding obligations related to equity compensation.
• Following this transaction, Melissa Ann King beneficially owns 30,144 shares of Paylocity Holding Corp common stock.
• The transaction is indicated to have been made pursuant to a Rule 10b5-1 pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The transaction is a routine administrative event for tax withholding purposes, often pre-scheduled under a 10b5-1 plan, and does not indicate a positive or negative sentiment towards the company's prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction is a routine event common across all industries where executives receive equity compensation. It reflects a standard practice for managing tax obligations associated with vested shares, rather than a reflection of specific industry trends or competitive positioning.

Related Party Transactions

• Melissa Ann King, an SVP of Paylocity Holding Corp, disposed of company common stock, which constitutes an insider transaction.

Stakeholder Impact

• Shareholders: The disposition of 240 shares is a very small amount relative to the company's total outstanding shares and is unlikely to have any material impact on the share price or ownership structure.
• Employees: This transaction is a standard part of executive compensation and tax management, which is common knowledge among employees receiving equity.

Key Dates

Keywords

Paylocity Holding Corp, PCTY, Insider Trading, Form 4, Stock Disposition, Tax Withholding, Rule 10b5-1, Executive Compensation