| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PCTY | Common Stock, par value $0.001 | Award | $0 | +12.5K | $0.00 | 12.5K | Dec 1, 2022 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PCTY | Market Stock Units | Award | $0 | +3.13K | $0.00 | 3.13K | Dec 1, 2022 | Common Stock, par value $0.001 | 3.13K | $0.00 | Direct | F2, F3, F4 |
| Id | Content |
|---|---|
| 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 2014 Equity Incentive Plan. |
| F2 | Reflects the grant of a target number of market stock units (MSUs) subject to the award as presented in the table which will entitle Reporting Person to receive one (1) share of Common Stock per MSU. The number of MSUs that vest may be 0%-200% of this number ("awarded units"), depending upon performance. Following the achievement by the Issuer of certain total shareholder return objectives, the awarded units will vest on December 1, 2025. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan. |
| F3 | Represents the vesting and release date for these awards. |
| F4 | Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date. |