Steven R. Beauchamp - 15 Aug 2023 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role
Co-Chief Executive Officer, Director
Signature
/s/ Kris Kang, attorney-in-fact to Steven R. Beauchamp
Issuer symbol
PCTY
Transactions as of
15 Aug 2023
Transactions value $
-$1,866,753
Form type
4
Date filed
17 Aug 2023, 16:29
Previous filing
16 Aug 2023
Next filing
11 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCTY Common Stock, par value $0.001 Award $0 +22.1K +1.26% $0.00 1.77M 15 Aug 2023 Direct F1
transaction PCTY Common Stock, par value $0.001 Tax liability -$1.25M -6.25K -0.35% $200.62 1.77M 15 Aug 2023 Direct
transaction PCTY Common Stock, par value $0.001 Tax liability -$613K -3.15K -0.18% $194.81 1.76M 16 Aug 2023 Direct
holding PCTY Common Stock, par value $0.001 22.5K 15 Aug 2023 by IRIE Foundation
holding PCTY Common Stock, par value $0.001 220K 15 Aug 2023 By IRIE Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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 +22.1K $0.00 22.1K 15 Aug 2023 Common Stock, par value $0.001 22.1K $0.00 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 September 1, 2026. 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.