Paylocity Holding Corp (PCTY) director and 10% owner Steven I. Sarowitz sold 10,617 common shares on October 20, 2026, in four reported transactions at weighted-average prices of $168.76, $169.79, $170.48, and $171.37 per share. The sales were conducted under an approved Rule 10b5-1 plan adopted December 15, 2025. The reported indirect holding through Jessica P. Sarowitz Declaration of Trust was 3,916,476 shares.
Paylocity Holding Corp. is asking stockholders to elect nine directors, ratify KPMG LLP as its independent registered public accounting firm for the fiscal year ending June 30, 2027, approve a non-binding advisory vote on named executive compensation, and approve the Second Amended and Restated 2023 Equity Incentive Plan at its virtual annual meeting on December 3, 2026. The board recommends a vote FOR each proposal. Elected directors would serve until the 2028 annual meeting. Stockholders of record on October 6, 2026 may vote; 52,174,262 common shares were outstanding and entitled to vote on that date, with one vote per share.
Craig A. Conway, a director, has decided not to stand for reelection and will remain on the board until the meeting, when the board’s size will decrease from ten to nine directors. Proposals 2–4 require approval by a majority of shares present or represented by proxy and entitled to vote; director nominees are elected by plurality.
For fiscal 2026, recurring and other revenue was $1.651 billion, up 12% year over year, and total revenue was $1.771 billion, up 11%. Paylocity reported net income of $269.7 million, adjusted EBITDA of $654.9 million, and net cash provided by operating activities of $533.3 million.
Paylocity Holding Corp (PCTY) director and 10% owner Steven I. Sarowitz sold 4,570 shares at a weighted average price of $165.99 per share and 5,875 shares at a weighted average price of $166.47 per share on October 19, 2026. Both sales were conducted under an approved 10b5-1 Plan adopted by Sarowitz on December 15, 2025. Jessica P. Sarowitz Declaration of Trust is listed as holding 3,916,476 shares as of October 19, 2026.
Paylocity Holding Corp director and 10% owner Steven I. Sarowitz sold 5,500 shares of common stock on October 16, 2026, across four reported lots. The transactions were conducted under an approved Rule 10b5-1 Plan adopted December 15, 2025. The reported weighted-average prices were $165.34, $166.20, $167.56 and $168.58 per share.
Paylocity Holding Corp (PCTY) Executive Chairman Steven R. Beauchamp reported direct sales of 15,000 common shares on October 15, 2026, in five tranches: 600 at a weighted-average $161.38, 600 at $162.84, 1,400 at $164.27, 5,600 at $165.22, and 6,800 at $165.96 per share. The sales were under an approved Rule 10b5-1 plan adopted August 19, 2025, and amended May 15, 2026.
Separate indirect holding entries dated October 15, 2026 list 235,000 shares by IRIE Family Trust, 220,000 by SRB 2025 GRAT, 15,800 by IRIE Foundation, and 194,926 by Gotham Triple Advantage Strategy LP.
Paylocity Holding Corp (PCTY) director and ten percent owner Steven I. Sarowitz reported two direct sales of common stock on October 15, 2026: 11,600 shares at a weighted average of $165.59 per share and 6,094 shares at $166.21 per share. Both sales were conducted under an approved 10b5-1 Plan adopted December 15, 2025. Separately, 3,916,476 shares are held indirectly through Jessica P. Sarowitz Declaration of Trust.
Paylocity Holding Corp SVP Product and Technology Melissa Ann King reported 489 shares delivered or withheld for payment of exercise price or tax liability on October 1, 2026. The securities were common stock with a par value of $0.001; she reported 60,810 shares held directly afterward.
Paylocity Holding Corporation (PCTY) entered into a new $1.75 billion senior secured revolving credit facility through an Amended and Restated Revolving Credit Agreement with PNC Bank and a syndicate of lenders, replacing its prior 2019 credit agreement. The facility includes a $175.0 million swingline sublimit and a $175.0 million letter of credit sublimit and matures on September 17, 2031. As of the effective date, $81.25 million was outstanding.
The company may request up to $875.0 million in additional revolving commitments and, on not more than two occasions, request one-year extensions of the maturity date, in each case subject to lender agreement and customary conditions. Borrowings bear interest at Term SOFR or an adjusted base rate plus margins that vary with a net total leverage ratio, and unused commitments incur a quarterly fee. There is no scheduled principal amortization before maturity, and Paylocity can borrow, prepay and reborrow without premium or penalty other than customary breakage costs.
The facility is guaranteed by material subsidiaries and secured by substantially all assets of Paylocity and the guarantors. Key financial covenants include a maximum net total leverage ratio of 4.00:1.00 and a minimum interest coverage ratio of 2.00:1.00. Proceeds may be used for working capital, capital expenditures, general corporate purposes, permitted acquisitions, investments, distributions and share repurchases.
Paylocity Holding Corp (PCTY) Executive Chairman Steven R. Beauchamp reported selling a total of 15,000 shares of common stock on September 15, 2026 in a series of open‑market or private transactions at weighted average prices around $145.96–$148.56, with prices in specified ranges for each trade. These sales were conducted under an approved Rule 10b5-1 trading plan adopted on August 19, 2025 and amended on May 15, 2026. Following these transactions, he reports indirect holdings of Paylocity stock through several entities, including IRIE Family Trust, SRB 2025 GRAT, IRIE Foundation, and Gotham Triple Advantage Strategy LP.