Paylocity (NASDAQ: PCTY) chair sells 15K shares after equity grants
Rhea-AI Filing Summary
For Paylocity Holding Corp (PCTY), Executive Chairman Steven R. Beauchamp reported both equity awards and share sales. On August 14, 2026 he received 3,469 market stock units (MSUs), plus grants of 10,201 restricted stock units vesting over four years and 6,094 restricted stock units vesting over two years. He also received 7,229 performance stock units (PSUs) whose vesting from 2026 to 2028–2029 depends on total shareholder return goals. The same day, he sold a total of 15,000 shares of common stock in multiple transactions at weighted average prices between about $146.74 and $151.34, conducted under a pre-arranged Rule 10b5-1 trading plan. Indirect holdings include shares held by the IRIE Family Trust, SRB 2025 GRAT, IRIE Foundation, and Gotham Triple Advantage Strategy LP.
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Insights
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Insider Trade Summary 10b5-1
Net Buyer: 8,524 shares
Net Buy
13 txns
Insider
Beauchamp Steven R
Role
Executive Chairman
Sold
15,000 shs ($2.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Market Stock Units F10, F11, F12, F13 | 3,469 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.001 F1 | 10,201 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.001 F2 | 6,094 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.001 F3 | 7,229 | $0.00 | $0.00 |
| Sale | Common Stock, par value $0.001 F4, F5 | 1,200 | $147.23 | $177K |
| Sale | Common Stock, par value $0.001 F4, F6 | 10,569 | $148.46 | $1.57M |
| Sale | Common Stock, par value $0.001 F4, F7 | 3,031 | $149.11 | $452K |
| Sale | Common Stock, par value $0.001 F4, F8 | 156 | $150.58 | $23K |
| Sale | Common Stock, par value $0.001 F4, F9 | 44 | $151.34 | $7K |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Market Stock Units — 3,469 shares (Direct);
Common Stock, par value $0.001 — 1,277,477 shares (Direct);
Common Stock, par value $0.001 — 235,000 shares (Indirect, by IRIE Family Trust);
Common Stock, par value $0.001 — 220,000 shares (Indirect, by SRB 2025 GRAT);
Common Stock, par value $0.001 — 15,800 shares (Indirect, by IRIE Foundation);
Common Stock, par value $0.001 — 194,926 shares (Indirect, by Gotham Triple Advantage Strategy LP)
Footnotes (13)
- F1. Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person to receive one (1) share of Common Stock per RSU. The RSUs will vest over four years beginning on the date of grant at a rate of 6.25% vesting every three months. The grant will be settled pursuant to the terms of the Issuer's Amended and Restated 2023 Equity Incentive Plan.
- F2. Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person to receive one (1) share of Common Stock per RSU. The RSUs will vest over two years beginning on the date of grant at a rate of 12.5% vesting every three months. The grant will be settled pursuant to the terms of the Issuer's Amended and Restated 2023 Equity Incentive Plan.
- F3. Represents performance stock units (PSUs) awarded pursuant to the Issuer's Amended and Restated 2023 Equity Incentive Plan for which performance criteria have been satisfied that will entitle the Reporting Person to receive one share of the Issuer's common stock per PSU upon vesting. 50% of the PSUs vest on August 15, 2026. The remaining PSUs will vest in two equal installments on August 15, 2027 and August 15, 2028, subject to continued service through each of the respective vesting dates. The grant will be settled pursuant to the terms of the Issuer's Amended and Restated 2023 Equity Incentive Plan.
- F4. The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on August 19, 2025 and amended on May 15, 2026.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $146.74 to $147.73, inclusive. The reporting person undertakes to provide to Paylocity Holding Corporation, any security holder of Paylocity Holding Corporation, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 5, 6, 7, 8 and 9 of this Form 4.
- F6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $147.83 to $148.83, inclusive.
- F7. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $148.84 to $149.71, inclusive.
- F8. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $150.24 to $151.13, inclusive.
- F9. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.33 to $151.34, inclusive.
- F10. Each market stock unit (MSU) represents the contingent right to receive one (1) share of Issuer common stock.
- F11. Reflects the grant of a target number MSUs subject to the award as presented in the table. The number of MSUs that ultimately vest may be 0%-200% of this number, depending upon the achievement by the Issuer of certain total shareholder return objectives.
- F12. The MSUs have four separate performance periods, which begin August 31, 2026 and end November 30, 2028, February 28, 2029, May 31, 2029 and August 31, 2029, respectively. Twenty five percent (25%) of the total award may be earned after the end of each performance period and, to the extent earned, will vest quarterly.
- F13. Market stock units do not expire; they either vest or are canceled prior to or upon the vesting date.
Key Figures
Common shares sold: 15,000 shares
Four-year RSU grant: 10,201 units
Two-year RSU grant: 6,094 units
+5 more
8 metrics
Common shares sold
15,000 shares
Total PCTY common stock sold by Steven Beauchamp on August 14, 2026
Four-year RSU grant
10,201 units
RSUs vesting 6.25% every three months over four years from grant
Two-year RSU grant
6,094 units
RSUs vesting 12.5% every three months over two years from grant
Performance stock units
7,229 units
PSUs with vesting dates August 15, 2026, 2027, and 2028
Market stock units
3,469 units
Target MSUs granted, with 0%–200% ultimately vesting based on TSR
Sale price range (footnote 5)
$146.74–$147.73 per share
Weighted average sale price range for one transaction group on August 14, 2026
Sale price range (footnote 9)
$151.33–$151.34 per share
Weighted average sale price range for another transaction group on August 14, 2026
Indirect holding by IRIE Family Trust
235,000 shares
Indirect PCTY common stock holding reported as held by IRIE Family Trust
Key Terms
restricted stock units (RSUs), performance stock units (PSUs), market stock units (MSUs), Rule 10b5-1 Plan, +2 more
6 terms
restricted stock units (RSUs) financial
"Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
performance stock units (PSUs) financial
"Represents performance stock units (PSUs) awarded pursuant to the Issuer's"
Performance stock units (PSUs) are a form of executive or employee pay that promise company shares only if pre-set performance goals are met over a defined period; think of them as a bonus paid in stock that arrives only when the company hits agreed targets. Investors watch PSUs because they affect the number of shares outstanding (dilution) and reveal how management’s pay is tied to financial or operational results, aligning incentives with shareholder outcomes.
market stock units (MSUs) financial
"Each market stock unit (MSU) represents the contingent right to receive"
Rule 10b5-1 Plan regulatory
"The transaction indicated was conducted under an approved 10b5-1 Plan adopted"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Equity Incentive Plan financial
"pursuant to the terms of the Issuer's Amended and Restated 2023 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What new equity awards did PCTY grant to Steven Beauchamp on August 14, 2026?
On August 14, 2026, Steven Beauchamp received 10,201 RSUs vesting over four years, 6,094 RSUs vesting over two years, 7,229 PSUs, and 3,469 MSUs, all under Paylocity’s Amended and Restated 2023 Equity Incentive Plan.
How do the new PCTY RSU awards to Steven Beauchamp vest over time?
One RSU grant of 10,201 units vests over four years at 6.25% every three months from the grant date, while another grant of 6,094 units vests over two years at 12.5% every three months, contingent on continued service.
What are the terms of Steven Beauchamp’s new PCTY performance stock units (PSUs)?
The 7,229 PSUs vest only if performance criteria are met. 50% vest on August 15, 2026, with the balance vesting in two equal installments on August 15, 2027 and August 15, 2028, subject to continued service through each vesting date.
How do Steven Beauchamp’s new PCTY market stock units (MSUs) work?
Each of the 3,469 MSUs is a contingent right to one PCTY share. The actual number vesting can be 0%–200% of this target, based on total shareholder return over four performance periods between August 31, 2026 and August 31, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
