Joshua Scutt - 10 Sep 2024 Form 4/A - Amendment Insider Report for Paylocity Holding Corp (PCTY)

Role
Senior Vice President Sales
Signature
/s/ Kris Kang, attorney-in-fact to Joshua Scutt
Issuer symbol
PCTY
Transactions as of
10 Sep 2024
Net transactions value
-$47,272
Form type
4/A - Amendment
Filing time
03 Oct 2024, 16:02:16 UTC
Date Of Original Report
12 Sep 2024
Previous filing
22 Aug 2024
Next filing
07 Oct 2024
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 Options Exercise $0 +676 +1.6% $0.000000 43,993 10 Sep 2024 Direct F1
transaction PCTY Common Stock, par value $0.001 Tax liability $47,272 -302 -0.69% $156.53 43,691 10 Sep 2024 Direct F2

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 -1,690 -100% $0.000000 0 10 Sep 2024 Common Stock, par value $0.001 1,690 $0.000000 Direct F3, F4, F5
* 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 15, 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 This amendment is being filed to correct an inadvertent administrative error in the number of shares acquired as reported on the Form 4 filed on September 12, 2024 and to correct the total amount of securities beneficially owned following the reported transactions.
F3 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.
F4 The Market Stock Units vested upon determination by the Compensation Committee of the level of achievement of the performance criteria.
F5 Market Stock Units do not expire; they either vest or are canceled prior to or upon the vesting date.