Paylocity (PCTY) CFO uses 2,501 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp's Chief Financial Officer Glenn Ryan reported a tax-related share disposition. On February 16, he transferred 2,501 shares of common stock at $107.13 per share to cover tax withholding obligations, a non-open-market transaction coded as a tax-withholding disposition. After this event, he continued to hold 74,728 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Glenn Ryan
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.001 | 2,501 | $107.13 | $268K |
Holdings After Transaction:
Common Stock, par value $0.001 — 74,728 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Paylocity (PCTY) report for CFO Glenn Ryan?
Paylocity reported that CFO Glenn Ryan disposed of 2,501 common shares in a tax-withholding transaction. The Form 4 shows this was a code F event, used to cover tax liabilities rather than an open-market sale, and he still holds 74,728 shares afterward.
Was the Paylocity (PCTY) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It was coded F, described as a tax-withholding disposition where shares are delivered to satisfy tax liability, meaning the shares were not sold on the open market to outside buyers.
What does transaction code F mean in the Paylocity (PCTY) Form 4 filing?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this Paylocity filing, the code shows that 2,501 shares were used to cover taxes, rather than being sold as a discretionary open-market trade.