Ryan Glenn - Sep 7, 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
Sep 7, 2023
Transactions value $
-$195,858
Form type
4
Date filed
9/11/2023, 04:12 PM
Previous filing
Sep 5, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCTY Common Stock, par value $0.001 Options Exercise $0 +2.19K +6.25% $0.00 37.3K Sep 7, 2023 Direct F1
transaction PCTY Common Stock, par value $0.001 Tax liability -$196K -972 -2.61% $201.50 36.3K Sep 7, 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 Options Exercise $0 -1.83K -100% $0.00* 0 Sep 7, 2023 Common Stock, par value $0.001 1.83K $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 Represents shares of Issuer Common Stock issued upon the settlement of Market Stock Units granted on August 14, 2020, based on the achievement by the Issuer of certain total shareholder return objectives over the three-year performance period ending August 31, 2023.
F2 Each Market Stock Unit entitles the Reporting Person to a payout of shares of Issuer Common Stock equal to between 0% and 200% of such Market Stock Unit depending on the relative performance of the total shareholder return of Issuer Common Stock compared with that of a peer group over a three-year performance period ending August 31, 2023.
F3 The Market Stock Units vested upon determination by the Compensation Committee of the level of achievement of the performance criteria.
F4 Market Stock Units do not expire; they either vest or are canceled prior to or upon the vesting date.