Form 4: Paylocity SVP Sells Shares for Tax Obligations

Paylocity's SVP of Product and Technology, Melissa Ann King, disposed of 380 shares of common stock to cover tax withholding obligations at a price of $152.5 per share.

Summary

• Melissa Ann King, SVP Product and Technology at Paylocity Holding Corp (PCTY), reported a transaction involving company common stock.
• On January 2, 2026, King disposed of 380 shares of common stock.
• The disposition was made at a price of $152.5 per share.
• The transaction code 'F' indicates a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, King beneficially owns 29,764 shares of Paylocity common stock directly.
• The transaction was made pursuant to a Rule 10b5-1 pre-arranged plan.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned insider transaction for tax withholding purposes, which is neutral in sentiment regarding the company's performance or outlook.

Positives

• The transaction is a routine disposition to cover tax withholding, indicating the vesting of previously granted equity compensation.

Future Outlook

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

Industry Context

This is a standard insider transaction, common across all industries, where executives sell a portion of their vested equity to cover tax liabilities associated with their compensation. It does not reflect a change in the company's operational or strategic direction.

Comparison to Industry Standards

• Dispositions of shares for tax withholding purposes are a common and expected occurrence for executives receiving equity compensation across publicly traded companies, aligning with standard industry practices for managing executive stock awards.

Related Party Transactions

• The transaction involves an officer of Paylocity Holding Corp disposing of shares to the issuer to satisfy tax withholding obligations, which is a common type of transaction between an insider and the company.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, pre-planned transaction for tax purposes and does not indicate a change in the insider's long-term view of the company.
• Employees: No direct impact.

Key Dates

Keywords

Paylocity, PCTY, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Tax Withholding, Rule 10b5-1