Ryan Glenn - Aug 15, 2023 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role
CFO and Treasurer
Signature
/s/ Kris Kang, attorney-in-fact to Ryan Glenn
Stock symbol
PCTY
Transactions as of
Aug 15, 2023
Transactions value $
-$182,851
Form type
4
Date filed
8/17/2023, 04:33 PM
Previous filing
Aug 16, 2023
Next filing
Sep 5, 2023

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 +15.3K +72.2% $0.00 36.5K Aug 15, 2023 Direct F1
transaction PCTY Common Stock, par value $0.001 Tax liability -$112K -557 -1.53% $200.62 36K Aug 15, 2023 Direct
transaction PCTY Common Stock, par value $0.001 Tax liability -$71.1K -365 -1.02% $194.81 35.6K Aug 16, 2023 Direct

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 +6.56K $0.00 6.56K Aug 15, 2023 Common Stock, par value $0.001 6.56K $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.