Form 4: Paylocity SVP Sells Shares for Tax Obligations
Insider Transaction Report
Paylocity's Senior Vice President of Operations, Andrew Cappotelli, disposed of 59 shares of common stock to cover tax withholding obligations at a price of $147.33 per share.
Summary
- Andrew Cappotelli, Sr Vice President Operations of Paylocity Holding Corp (PCTY), reported a transaction involving company common stock.
- On December 1, 2025, Mr. Cappotelli disposed of 59 shares of common stock.
- The disposition was made at a price of $147.33 per share.
- This transaction was coded as 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
- Following this transaction, Mr. Cappotelli beneficially owns 21,138 shares of Paylocity common stock directly.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up pre-planned trading arrangements.
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares to cover tax withholding obligations, which is a common practice for executives receiving equity compensation. It does not indicate a change in sentiment regarding the company's future prospects.
Future Outlook
NA
Industry Context
This routine insider transaction, specifically a disposition for tax withholding, is common across all industries for executives receiving equity compensation. It does not reflect specific industry trends or competitive positioning for Paylocity.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compliance Disclosure | 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). | 12/01/2025 | Indicates adherence to insider trading regulations and pre-planned trading strategies, reducing the risk of accusations of trading on material non-public information. |
Stakeholder Impact
- Shareholders: Minimal impact as it is a routine tax-related sale and represents a small percentage of the executive's overall holdings.
- Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.
Key Dates
| Date | Description |
|---|---|
| 12/01/2025 | Transaction Date: Disposition of common stock by Andrew Cappotelli. |
| 12/02/2025 | Signature Date of the reporting person's attorney-in-fact on the Form 4 filing. |
Keywords
Paylocity, PCTY, Andrew Cappotelli, insider trading, Form 4, stock sale, tax withholding, Rule 10b5-1, executive compensation
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