Paylocity (NASDAQ: PCTY) director gets 2,207 RSUs, sells 586 shares
Rhea-AI Filing Summary
Paylocity Holding Corp (PCTY) reported insider activity by director and more-than-10% owner Steven I. Sarowitz. He received a grant of 2,207 restricted stock units (RSUs) on common stock, vesting 25% quarterly over one year under the Amended and Restated 2023 Equity Incentive Plan. On the same date, entities associated with him sold 301 shares at a weighted average of $150.01 and 285 shares at a weighted average of $152.29, in multiple trades under a Rule 10b5-1 trading plan adopted on December 15, 2025. Following these transactions, 3,916,476 shares of common stock are held indirectly through the Jessica P. Sarowitz Declaration of Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 1,621 shares
Net Buy
4 txns
Insider
Sarowitz Steven I
Role
Director, 10% Owner
Sold
586 shs ($89K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 F1 | 2,207 | $0.00 | $0.00 |
| Sale | Common Stock, par value $0.001 F2, F3 | 301 | $150.01 | $45K |
| Sale | Common Stock, par value $0.001 F2, F4 | 285 | $152.29 | $43K |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 4,488,594 shares (Direct);
Common Stock, par value $0.001 — 3,916,476 shares (Indirect, By Jessica P. Sarowitz Declaration of Trust)
Footnotes (4)
- 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 25% quarterly, such that the RSUs will vest completely on the first anniversary of the date of grant. The grant will be settled pursuant to the terms of the Issuer's Amended and Restated 2023 Equity Incentive Plan.
- F2. The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 15, 2025.
- F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $150.00 to $151.10, 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 3 and 4 of this Form 4.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $152.10 to $153.04, inclusive.
Key Figures
RSUs granted: 2,207 shares
Shares sold (first tranche): 301 shares at $150.01 per share
Shares sold (second tranche): 285 shares at $152.29 per share
+4 more
7 metrics
RSUs granted
2,207 shares
Restricted stock units granted to Steven I. Sarowitz on 2026-08-14
Shares sold (first tranche)
301 shares at $150.01 per share
Weighted average sale price, trades between $150.00 and $151.10 on 2026-08-14
Shares sold (second tranche)
285 shares at $152.29 per share
Weighted average sale price, trades between $152.10 and $153.04 on 2026-08-14
Total shares sold
586 shares
Sum of two reported sale transactions on 2026-08-14
Indirect holdings after transactions
3,916,476 shares
Common stock held indirectly by Jessica P. Sarowitz Declaration of Trust
RSU vesting schedule
25% quarterly over 1 year
Vesting terms for the 2,207 RSU grant under 2023 Equity Incentive Plan
10b5-1 plan adoption date
December 15, 2025
Adoption date of the Rule 10b5-1 trading plan covering the reported sales
Key Terms
restricted stock units (RSUs), Rule 10b5-1 Plan, weighted average price, Equity Incentive Plan
4 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.
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Equity Incentive Plan financial
"settled 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 insider transactions did Steven I. Sarowitz report for PCTY on August 14, 2026?
On August 14, 2026, Steven I. Sarowitz reported a grant of 2,207 RSUs in Paylocity (PCTY) and open-market sales totaling 586 shares of common stock in multiple transactions under a Rule 10b5-1 plan.
What are the terms of the 2,207 RSU grant reported for PCTY?
The 2,207 RSUs granted to Steven I. Sarowitz each convert into one Paylocity common share, vesting 25% quarterly so they fully vest on the first anniversary of grant, under the Amended and Restated 2023 Equity Incentive Plan.
What does the Amended and Restated 2023 Equity Incentive Plan mean for PCTY insiders?
The Amended and Restated 2023 Equity Incentive Plan allows Paylocity to grant equity awards like RSUs to insiders, including the 2,207 RSUs granted here, aligning compensation with company performance through share-based incentives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
