Lohani Rachit 4
4 · Paylocity Holding Corp · Filed Sep 12, 2024
Insider Transaction Report
Form 4
Lohani Rachit
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock, par value $0.001
2024-09-10+1,404→ 44,764 total - Exercise/Conversion
Common Stock, par value $0.001
2024-09-10+3,509→ 48,273 total - Exercise/Conversion
Market Stock Units
2024-09-10−3,509→ 0 totalExercise: $0.00→ Common Stock, par value $0.001 (3,509 underlying)
Footnotes (4)
- [F1]Represents unvested restricted stock units ("RSUs") converted from Market Stock Units granted on October 1, 2021, based on the achievement by the Issuer of certain total shareholder return objectives over the three-year performance period ending August 31, 2024. The RSUs will vest on October 1, 2024, subject to the Reporting Person's continued employment.
- [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 converted to restricted units upon determination by the Compensation Committee of the level of achievement of the performance criteria.
- [F4]Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.