Paylocity CEO gets new stock awards, sells 12K shares
Paylocity Holding Corp (PCTY) reported that President and CEO Toby J. Williams received several equity awards and sold shares on August 14, 2026.
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Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp (PCTY) reported that President and CEO Toby J. Williams received several equity awards and sold shares on August 14, 2026.
He was granted 74,293 and 44,383 RSUs with quarterly vesting over four and two years, respectively, 43,036 PSUs vesting between 2026 and 2028 after performance satisfaction, and 25,260 target MSUs tied to total shareholder return. He also sold a total of 12,000 common shares at weighted average prices between $147.08 and $150.76 per share pursuant to a Rule 10b5-1 trading plan.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 12,000 shares
Net Sell
8 txns
Insider
Williams Toby J.
Role
President and CEO
Sold
12,000 shs ($1.78M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Market Stock Units F9, F10, F11, F12 | 25,260 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.001 F1 | 74,293 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.001 F2 | 44,383 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.001 F3 | 43,036 | $0.00 | $0.00 |
| Sale | Common Stock, par value $0.001 F4, F5 | 900 | $147.08 | $132K |
| Sale | Common Stock, par value $0.001 F4, F6 | 9,699 | $148.53 | $1.44M |
| Sale | Common Stock, par value $0.001 F4, F7 | 1,301 | $149.24 | $194K |
| Sale | Common Stock, par value $0.001 F4, F8 | 100 | $150.76 | $15K |
Holdings After Transaction:
Market Stock Units — 25,260 contracts (Direct);
Common Stock, par value $0.001 — 347,771 shares (Direct)
Footnotes (12)
- 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 February 17, 2026.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $146.71 to $147.43, 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 and 8 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 $147.98 to $148.96, inclusive.
- F7. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $149.00 to $149.66, inclusive.
- F8. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $150.76 to $150.82, inclusive.
- F9. Each market stock unit (MSU) represents the contingent right to receive one (1) share of Issuer common stock.
- F10. 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.
- F11. 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.
- F12. Market stock units do not expire; they either vest or are canceled prior to or upon the vesting date.
Key Figures
RSU grant (4-year): 74,293 shares
RSU grant (2-year): 44,383 shares
PSU award: 43,036 shares
+5 more
8 metrics
RSU grant (4-year)
74,293 shares
Restricted stock units vesting 6.25% every three months over four years from grant on August 14, 2026
RSU grant (2-year)
44,383 shares
Restricted stock units vesting 12.5% every three months over two years from grant on August 14, 2026
PSU award
43,036 shares
Performance stock units with 50% vesting August 15, 2026 and the balance August 15, 2027 and August 15, 2028
MSU target grant
25,260 units
Market stock units where 0%–200% of target may vest based on total shareholder return
Shares sold
12,000 shares
Total common shares sold on August 14, 2026 across four reported sale transactions
Weighted avg sale price (block 1)
$147.08 per share
Weighted average price for 900 shares sold, with trades from $146.71 to $147.43
Weighted avg sale price (block 2)
$148.53 per share
Weighted average price for 9,699 shares sold, with trades from $147.98 to $148.96
Weighted avg sale price (block 3)
$149.24 per share
Weighted average price for 1,301 shares sold, with trades from $149.00 to $149.66
Key Terms
restricted stock units (RSUs), performance stock units (PSUs), market stock units (MSUs), Rule 10b5-1 Plan, +1 more
5 terms
restricted stock units (RSUs) financial
"Reflects the grant of restricted stock units (RSUs) that will entitle"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did PCTY grant to CEO Toby J. Williams on August 14, 2026?
On August 14, 2026, Toby J. Williams received 74,293 RSUs vesting over four years, 44,383 RSUs vesting over two years, 43,036 PSUs with tranches vesting 2026–2028, and 25,260 target MSUs subject to total shareholder return performance.
What are the vesting terms of the new RSU grants reported by PCTY?
The 74,293 RSUs vest over four years at 6.25% every three months from grant. The 44,383 RSUs vest over two years at 12.5% every three months, all under Paylocity’s Amended and Restated 2023 Equity Incentive Plan.
How do the new PSUs for PCTY’s CEO vest, and in what amounts?
The award includes 43,036 PSUs. After performance criteria were satisfied, 50% vest on August 15, 2026, with the remainder vesting in two equal installments on August 15, 2027 and August 15, 2028, subject to continued service.
What are market stock units (MSUs) granted to the PCTY CEO and how are they earned?
The CEO received 25,260 target MSUs, each representing a right to one share. Between 0% and 200% of this number may vest depending on Paylocity’s total shareholder return, across four performance periods beginning August 31, 2026 and ending in 2028–2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
