4//SEC Filing
Kinsey Mark S 4
Accession 0001562180-21-005406
CIK 0001591698other
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 4:13 PM ET
Size
13.5 KB
Accession
0001562180-21-005406
Insider Transaction Report
Form 4
Kinsey Mark S
Sr Vice President - Operations
Transactions
- Award
Common Stock, par value $0.001
2021-08-16+9,172→ 61,912 total - Award
Common Stock, par value $0.001
2021-08-16+7,591→ 69,503 total - Sale
Common Stock, par value $0.001
2021-08-16$248.28/sh−909$225,687→ 62,443 total - Award
Market Stock Units
2021-08-16+3,253→ 3,253 totalExercise: $0.00From: 2024-09-01→ Common Stock, par value $0.001 (3,253 underlying) - Tax Payment
Common Stock, par value $0.001
2021-08-16$250.57/sh−6,151$1,541,256→ 63,352 total
Footnotes (7)
- [F1]Represents performance-based restricted stock units (PRSUs) awarded pursuant to the Issuer's 2014 Equity Incentive Plan for which performance criteria have been satisfied that will entitle the Reporting Person to receive one share of the Issuer's common stock per PRSU upon vesting. The PRSUs vest on August 15, 2022, subject to continued service through the vesting date. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
- [F2]Includes 67 shares of Paylocity Holding Corporation's common stock acquired pursuant to Paylocity Holding Corporation's Employee Stock Purchase Plan on May 14, 2021.
- [F3]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 annually in four equal installments beginning on August 16, 2022. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
- [F4]The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on September 9, 2020.
- [F5]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, 2024. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
- [F6]Represents the vesting and release date for these awards.
- [F7]Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.
Documents
Issuer
Paylocity Holding Corp
CIK 0001591698
Entity typeother
Related Parties
1- filerCIK 0001641033
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 4:13 PM ET
- Size
- 13.5 KB