Steven R. Beauchamp - Sep 10, 2024 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role
Executive Chairman, Director
Signature
/s/ Kris Kang, attorney-in-fact to Steven R. Beauchamp
Stock symbol
PCTY
Transactions as of
Sep 10, 2024
Transactions value $
-$525,002
Form type
4
Date filed
9/12/2024, 04:15 PM
Previous filing
Aug 20, 2024
Next filing
Nov 13, 2024

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 +7.57K +0.43% $0.00 1.75M Sep 10, 2024 Direct F1
transaction PCTY Common Stock, par value $0.001 Tax liability -$525K -3.35K -0.19% $156.53 1.75M Sep 10, 2024 Direct
holding PCTY Common Stock, par value $0.001 220K Sep 10, 2024 by IRE Family Trust
holding PCTY Common Stock, par value $0.001 22.5K Sep 10, 2024 by IRIE Foundation

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 -18.9K -100% $0.00 0 Sep 10, 2024 Common Stock, par value $0.001 18.9K $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 16, 2021, based on the achievement by the Issuer of certain total shareholder return objectives over the three-year performance period ending August 31, 2024.
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, 2024.
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.