Tax withholding trims Paylocity (NASDAQ: PCTY) chair stake to 1,268,953
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp Executive Chairman Steven R. Beauchamp reported updated holdings in company common stock. The filing shows a tax-withholding disposition of 1,849 shares at $103.93 per share, leaving 1,268,953 shares held directly. Additional indirect holdings are reported through several entities, with no open-market buys or sells disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Beauchamp Steven R
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.001 | 1,849 | $103.93 | $192K |
| 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:
Common Stock, par value $0.001 — 1,268,953 shares (Direct, null);
Common Stock, par value $0.001 — 235,000 shares (Indirect, by IRIE Family Trust)
Footnotes (1)
Key Figures
Tax-withheld shares: 1,849 shares
Tax-withholding price: $103.93 per share
Direct holdings after transaction: 1,268,953 shares
+5 more
8 metrics
Tax-withheld shares
1,849 shares
F-code tax-withholding disposition of common stock
Tax-withholding price
$103.93 per share
Price for 1,849 withheld shares
Direct holdings after transaction
1,268,953 shares
Total common shares held directly after tax withholding
Gotham Triple Advantage Strategy LP holdings
194,926 shares
Indirect ownership attributed to Gotham Triple Advantage Strategy LP
IRIE Foundation holdings
15,800 shares
Indirect ownership attributed to IRIE Foundation
SRB 2025 GRAT holdings
220,000 shares
Indirect ownership attributed to SRB 2025 GRAT
IRIE Family Trust holdings
235,000 shares
Indirect ownership attributed to IRIE Family Trust
Holding entries count
4 entries
Number of non-transactional holding records updated
Key Terms
tax-withholding disposition, Common Stock, par value $0.001, indirect ownership, F transaction code, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the F-code entry"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock, par value $0.001 financial
"security_title: "Common Stock, par value $0.001" in each entry"
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership by various entities"
F transaction code financial
"transaction_code: "F" with description of payment of tax liability"
FAQ
What insider transaction did Paylocity (PCTY) report for Steven R. Beauchamp?
Paylocity reported a tax-withholding disposition of 1,849 common shares for Executive Chairman Steven R. Beauchamp. The shares were valued at $103.93 each and were used to cover tax obligations, not as an open-market sale.
What does the F transaction code mean in the Paylocity Form 4?
The F code indicates a tax-withholding disposition, where shares are delivered to satisfy tax obligations. In this case, 1,849 Paylocity shares at $103.93 per share were withheld, which is not an open-market sale or discretionary trade.
Does the Paylocity Form 4 show any derivative or option exercises?
The Form 4’s derivativeSummary is empty and the transaction summary shows zero derivative transactions or exercises. Only common stock positions are reported, along with one tax-withholding disposition and updated indirect ownership holdings.