Paylocity grants RSUs, PSUs, MSUs to operations SVP
Paylocity Holding Corp (PCTY) reported that Sr Vice President Operations Andrew Cappotelli received multiple equity awards on August 14, 2026.
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Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp (PCTY) reported that Sr Vice President Operations Andrew Cappotelli received multiple equity awards on August 14, 2026. These include grants of restricted stock units and performance stock units that each convert into one share of common stock upon vesting, plus a target grant of market stock units tied to total shareholder return performance, all under the Amended and Restated 2023 Equity Incentive Plan with multi‑year vesting schedules.
Insider Trade Summary
Grant/Award: 34,585 shares
Grant/Award
4 txns
Insider
Cappotelli Andrew
Role
Sr Vice President Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Market Stock Units F4, F5, F6, F7 | 3,193 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.001 F1 | 22,346 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.001 F2 | 4,695 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.001 F3 | 4,351 | $0.00 | $0.00 |
Holdings After Transaction:
Market Stock Units — 3,193 contracts (Direct);
Common Stock, par value $0.001 — 48,942 shares (Direct)
Footnotes (7)
- 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. Each market stock unit (MSU) represents the contingent right to receive one (1) share of Issuer common stock.
- F5. 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.
- F6. 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.
- F7. Market stock units do not expire; they either vest or are canceled prior to or upon the vesting date.
Key Figures
RSU vesting rate (4-year grant): 6.25% every three months over four years
RSU vesting rate (2-year grant): 12.5% every three months over two years
PSU initial vesting: 50% on August 15, 2026
+5 more
8 metrics
RSU vesting rate (4-year grant)
6.25% every three months over four years
Restricted stock units vesting schedule beginning on the grant date
RSU vesting rate (2-year grant)
12.5% every three months over two years
Restricted stock units vesting schedule beginning on the grant date
PSU initial vesting
50% on August 15, 2026
First tranche of performance stock units vesting for the reporting person
PSU remaining vesting dates
August 15, 2027 and August 15, 2028
Two equal remaining PSU installments subject to continued service
MSU performance payout range
0%-200% of target MSUs
Range of market stock units that may ultimately vest based on TSR
MSU performance periods
Begin August 31, 2026; end November 30, 2028 to August 31, 2029
Four separate MSU performance periods with quarterly vesting if earned
MSU quarterly earning fraction
25% of total award per performance period
Portion of MSUs that may be earned after each performance period
Market stock unit settlement ratio
1 MSU : 1 share common stock
Each market stock unit represents one share of issuer common stock
Key Terms
restricted stock units (RSUs), performance stock units (PSUs), market stock units (MSUs), total shareholder return, +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"
Amended and Restated 2023 Equity Incentive Plan financial
"The grant will be settled pursuant to the terms of the Issuer's Amended and Restated 2023 Equity Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did PCTY grant to Andrew Cappotelli on August 14, 2026?
On August 14, 2026, Andrew Cappotelli received grants of restricted stock units (RSUs), performance stock units (PSUs), and a target number of market stock units (MSUs). Each unit generally represents the right to receive one share of Paylocity common stock upon vesting.
How do the RSU awards for PCTY’s Andrew Cappotelli vest?
One RSU grant vests over four years at 6.25% every three months from grant. A second RSU grant vests over two years at 12.5% every three months. Both are settled in Paylocity common stock under the 2023 Equity Incentive Plan.
What are the vesting terms of the PSUs granted by PCTY to Andrew Cappotelli?
The PSUs vest based on satisfied performance criteria, with 50% vesting on August 15, 2026. The remaining PSUs vest in two equal installments on August 15, 2027 and August 15, 2028, subject to continued service through each vesting date.
How are the market stock units (MSUs) for PCTY’s Andrew Cappotelli structured?
Each MSU represents the right to receive one share of Paylocity common stock. The grant reflects a target number of MSUs, and the actual number that vests can range from 0% to 200% based on total shareholder return objectives.
What performance periods apply to the PCTY market stock units granted to Andrew Cappotelli?
The MSUs use four performance periods beginning August 31, 2026 and ending November 30, 2028, February 28, 2029, May 31, 2029, and August 31, 2029. Up to 25% of the total award may be earned after each period and, if earned, vests quarterly.
Do PCTY market stock units granted to Andrew Cappotelli expire?
The filing states that market stock units do not expire. They either vest, depending on performance and other conditions, or are canceled prior to or upon the vesting date, as provided under the equity incentive plan terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
