Form 4: Paylocity SVP Sells Shares for Tax Obligations

Paylocity Holding Corp's Senior Vice President of Operations, Andrew Cappotelli, disposed of 59 shares of common stock to cover tax withholding obligations.

Summary

• Andrew Cappotelli, the Senior Vice President of Operations at Paylocity Holding Corp (PCTY), reported a change in beneficial ownership.
• On March 2, 2026, Cappotelli disposed of 59 shares of Paylocity common stock.
• The shares were disposed of at a price of $106.49 per share.
• This transaction was coded 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Cappotelli beneficially owns 19,378 shares of Paylocity common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for executives managing equity compensation and tax obligations, with no direct positive or negative implications for the company's operational or financial performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those coded 'F' for tax withholding, are common and generally not indicative of broader industry trends or company-specific performance. They are typically administrative in nature, related to the vesting of equity awards.

Related Party Transactions

• Disposition of 59 shares of common stock to the issuer to satisfy tax withholding obligations related to equity compensation.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares by an executive to cover tax withholding obligations, which is a common administrative event and not indicative of a change in the company's fundamentals or the executive's confidence. Therefore, it does not provide a basis for altering an existing investment thesis.

Keywords

Paylocity, PCTY, Andrew Cappotelli, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Beneficial Ownership