Form 4: Paylocity SVP Sells Shares for Tax Obligations
Insider Transaction Report
Paylocity Holding Corp's Senior Vice President of Operations, Andrew Cappotelli, disposed of 643 shares of common stock to cover tax withholding obligations at a price of $148.05 per share.
Summary
- Andrew Cappotelli, Senior Vice President of Operations at Paylocity Holding Corp (PCTY), reported a disposition of common stock.
- The transaction involved 643 shares of common stock, par value $0.001, disposed of at a price of $148.05 per share.
- The total value of the disposed shares was $95,281.15.
- This disposition was made to satisfy tax withholding obligations, indicated by transaction code 'F'.
- The transaction occurred on November 17, 2025.
- Following this transaction, Andrew Cappotelli beneficially owns 22,184 shares of common stock directly.
- The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This is a routine insider transaction filing (Form 4) and does not provide specific insights into broader industry trends or competitive landscape. Such transactions are common for executives receiving equity compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Policy Adherence | The transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan designed to satisfy affirmative defense conditions against insider trading allegations. | 11/17/2025 | Enhances transparency and reduces the risk of insider trading concerns related to executive stock transactions by demonstrating a pre-planned disposition. |
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, tax-related disposition of a relatively small number of shares by an executive, not indicative of a change in company fundamentals or executive sentiment.
- Employees: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 11/17/2025 | Date of earliest transaction (disposition of shares). |
| 11/18/2025 | Date the Form 4 was signed and filed. |
Keywords
Paylocity, PCTY, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Tax Withholding, Rule 10b5-1
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