Form 4: Paylocity VP Rost withholds 313 shares for taxes

Paylocity VP, CAO & Treasurer Nicholas Rost reported a tax-withholding disposition of 313 shares at $148.05, retaining 8,863 shares of common stock.

Summary

• Nicholas Rost (VP, CAO & Treasurer of Paylocity, ticker PCTY) reported a Code F transaction on 11/17/2025.
• Code F indicates shares were withheld or disposed to cover tax obligations upon an equity award event (e.g., RSU vesting).
• 313 common shares were disposed at a price of $148.05.
• Post-transaction beneficial ownership is 8,863 shares, held directly.
• The report was executed via attorney-in-fact (Kris Kang) and signed on 11/18/2025.
• No derivative transactions were reported in Table II.

Sentiment

Score: 5

Explanation: Neutral, routine tax-withholding event with minimal implication for company fundamentals.

Positives

• Executive retains 8,863 shares post-transaction, signaling continuing equity alignment.
• Disposition coded as F (tax withholding), typically a routine administrative event rather than open-market selling.

Negatives

• Share disposition (313 shares) could be perceived as insider selling by some investors despite tax-withholding context.

Future Outlook

No forward-looking statements or guidance provided.

Industry Context

Routine insider tax-withholding transactions are common across software and technology companies with equity compensation programs and typically do not imply a change in business fundamentals.

Comparison to Industry Standards

• Comparable to routine Code F transactions seen at SaaS peers (e.g., Paycom, Workday, ADP) following RSU vesting cycles.
• Magnitude is small and in line with typical executive tax settlements; no deviation from common insider activity norms.
• Absence of open-market sales aligns with standard practice when settling tax obligations via share withholding.

Stakeholder Impact

• Minimal impact on shareholders; transaction appears administrative for tax settlement.
• No operational effect for employees, customers, suppliers, or creditors indicated.

Key Dates

Keywords

Paylocity, PCTY, Form 4, insider transaction, tax withholding, equity compensation, restricted stock vesting, beneficial ownership, Nicholas Rost, executive officer