Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PCTY | Common Stock, par value $0.001 | Award | $0 | +49.3K | +49.54% | $0.00 | 149K | Aug 15, 2024 | Direct | F1 |
transaction | PCTY | Common Stock, par value $0.001 | Tax liability | -$273K | -1.8K | -1.21% | $151.43 | 147K | Aug 15, 2024 | Direct |
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 | +16.8K | $0.00 | 16.8K | Aug 15, 2024 | Common Stock, par value $0.001 | 16.8K | $0.00 | Direct | F2, F3, F4, F5 |
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 2023 Equity Incentive Plan. |
F2 | Each market stock unit (MSU) represents the contingent right to receive one (1) share of Issuer common stock. |
F3 | Reflects the grant of a target number MSUs subject to the award as presented in the table. The number of MSUs that ultimately vest may be 0%-200% of this number, depending upon the achievement by the Issuer of certain total shareholder return objectives. |
F4 | The MSUs have four separate performance periods, which begin August 31, 2024 and end November 30, 2026, February 28, 2027, May 31, 2027 and August 31, 2027, respectively. Twenty five percent (25%) of the total award may be earned after the end of each performance period and, to the extent earned, will vest quarterly. |
F5 | Market stock units do not expire; they either vest or are canceled prior to or upon the vesting date. |