Paylocity (PCTY) SVP King reports 321-share tax-withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp senior vice president of product and technology Melissa Ann King reported a small share disposition linked to taxes. She had 321 shares of common stock withheld at a price of $108.04 per share to cover a tax liability and continues to hold 29,203 shares directly afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
King Melissa Ann
Role
SVP Product and Technology
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.001 | 321 | $108.04 | $35K |
Holdings After Transaction:
Common Stock, par value $0.001 — 29,203 shares (Direct)
Footnotes (1)
Key Figures
Tax-withholding shares: 321 shares
Tax-withholding price: $108.04 per share
Shares held after transaction: 29,203 shares
3 metrics
Tax-withholding shares
321 shares
Shares delivered for tax liability on 2026-04-01
Tax-withholding price
$108.04 per share
Value applied to 321-share disposition
Shares held after transaction
29,203 shares
Direct ownership following tax-withholding disposition
Key Terms
tax-withholding disposition, Common Stock, par value $0.001, Form 4
3 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Paylocity (PCTY) report for Melissa Ann King?
Paylocity reported that SVP Product and Technology Melissa Ann King had 321 shares of common stock withheld. The shares were used to satisfy a tax liability associated with equity compensation, rather than being sold in an open-market transaction.
What does transaction code F mean in the Paylocity (PCTY) Form 4 filing?
Transaction code F indicates a payment of an exercise price or tax liability by delivering securities. In this case, it shows that 321 Paylocity shares were delivered to cover a tax obligation rather than being sold in the market.