Paylocity (NASDAQ: PCTY) records latest insider trade
Rhea-AI Filing Summary
Paylocity Holding Corp (symbol: PCTY) is the issuer of record for a Form 4 filing submitted to the SEC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40,885 shares
Net Buy
4 txns
Insider
Scutt Joshua
Role
SVP Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Market Stock Units F4, F5, F6, F7 | 4,179 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.001 F1 | 29,247 | $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 | 6,943 | $0.00 | $0.00 |
Holdings After Transaction:
Market Stock Units — 4,179 shares (Direct);
Common Stock, par value $0.001 — 84,239 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.
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