Paylocity (PCTY) VP Rost reports 313-share tax withholding on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp vice president, chief accounting officer, and treasurer Nicholas Rost reported a routine tax-related share disposition. On a Form 4, he disclosed that 313 shares of common stock were withheld at $103.93 per share to cover tax obligations, leaving him with 7,197 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rost Nicholas
Role
VP CAO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.001 | 313 | $103.93 | $33K |
Holdings After Transaction:
Common Stock, par value $0.001 — 7,197 shares (Direct, null)
Footnotes (1)
Key Figures
Shares used for tax withholding: 313 shares
Tax withholding price: $103.93 per share
Shares held after transaction: 7,197 shares
+1 more
4 metrics
Shares used for tax withholding
313 shares
Tax-withholding disposition on common stock
Tax withholding price
$103.93 per share
Value assigned to withheld shares
Shares held after transaction
7,197 shares
Direct ownership following Form 4 event
Transaction code
F
Payment of exercise price or tax liability by delivering securities
Key Terms
Form 4, tax-withholding disposition, Payment of exercise price or tax liability by delivering securities
3 terms
Form 4 regulatory
"On a Form 4, he disclosed that 313 shares of common stock were withheld"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
tax-withholding disposition financial
"reported a routine tax-related share disposition described as a tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of exercise price or tax liability by delivering securities regulatory
"transaction code description is Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transaction did Paylocity (PCTY) report for Nicholas Rost?
Paylocity reported that Nicholas Rost had 313 common shares withheld to cover tax obligations. This was disclosed on a Form 4 as a tax-withholding disposition rather than an open-market trade.
Was the Paylocity (PCTY) Form 4 transaction a stock sale by Nicholas Rost?
The Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were delivered to cover tax liabilities at a reported price of $103.93 per share, a mechanical process tied to compensation.
What does transaction code F mean in the Paylocity (PCTY) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 313 Paylocity shares were withheld to cover taxes, rather than being bought or sold on the open market.