Paylocity (PCTY) CFO logs 585-share tax-withholding transaction, holds 70,864
Rhea-AI Filing Summary
Paylocity Holding Corp Chief Financial Officer Glenn Ryan reported a small share transfer related to taxes, with 585 shares of common stock used to cover a tax obligation at a value of $114.55 per share. After this tax-withholding disposition, he continues to hold 70,864 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 585 shares
Net Sell
1 txn
Insider
Glenn Ryan
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.001 | 585 | $114.55 | $67K |
Holdings After Transaction:
Common Stock, par value $0.001 — 70,864 shares (Direct)
FAQ
What did Paylocity (PCTY) CFO Glenn Ryan report in this Form 4?
Glenn Ryan reported a tax-withholding disposition of 585 shares of Paylocity common stock. The shares were used to satisfy tax obligations, not as an open-market sale, and were valued at $114.55 per share in the transaction record.
Was the Paylocity (PCTY) CFO’s Form 4 an open-market stock sale?
No, the Form 4 characterizes the event as a tax-withholding disposition, not an open-market sale. The transaction code F indicates payment of a tax liability by delivering securities, a routine part of equity compensation rather than a discretionary market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.