Williams Toby J. 4
4 · Paylocity Holding Corp · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Paylocity (PCTY) CEO Toby Williams Sells Shares
What Happened Toby J. Williams, President, CEO and a director of Paylocity Holding Corp (PCTY), disposed of a total of 14,536 shares across transactions in mid-February 2026, generating roughly $1.54 million. The filing shows two open‑market sales on 2026-02-13 (2,700 shares at $104.00 for $280,800; 5,300 shares at a weighted average $104.98 for $556,394) and a 2026-02-16 disposition of 6,536 shares at $107.13 for $700,202 to satisfy an exercise price or tax liability. These are sales/dispositions (not purchases), including a tax/option-related share withholding.
Key Details
- Transactions and values:
- 2026-02-13: Sold 2,700 shares @ $104.00 = $280,800 (open-market; weighted prices ranged $103.46–$104.46 per filing footnote).
- 2026-02-13: Sold 5,300 shares @ weighted avg $104.98 = $556,394 (open-market; weighted prices ranged $104.48–$105.41 per filing footnote).
- 2026-02-16: Disposition of 6,536 shares @ $107.13 = $700,202 to pay exercise price/tax liability (coded F).
- Total shares disposed: 14,536; total proceeds/consideration ≈ $1,537,396.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes:
- F1: The 02-16 transaction was conducted under an approved 10b5-1 trading plan adopted Feb 21, 2025.
- F2/F3: Reported prices for the 02-13 sales are weighted averages across multiple executions (ranges provided).
- Filing: Form 4 was filed 2026-02-18 covering trades on 2026-02-13 and 02-16; this appears within normal Form 4 timing based on the filing date.
Context
- The 02-16 disposition is described as payment of an exercise price or tax liability — typically a share withholding or cashless exercise mechanism rather than an open-market sale, though it results in the company insider disposing of shares.
- Sales by executives can be routine (e.g., preplanned via 10b5-1) or for tax/exercise purposes; purchases generally convey stronger direct bullish signals. Here, at least one transaction was under a 10b5-1 plan, indicating preplanned activity.
Insider Transaction Report
- Sale
Common Stock, par value $0.001
[F1][F2]2026-02-13$104.00/sh−2,700$280,800→ 217,143 total - Sale
Common Stock, par value $0.001
[F1][F3]2026-02-13$104.98/sh−5,300$556,394→ 211,843 total - Tax Payment
Common Stock, par value $0.001
2026-02-16$107.13/sh−6,536$700,202→ 205,307 total
Footnotes (3)
- [F1]The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on February 21, 2025.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $103.46 to $104.46, inclusive. The reporting person undertakes to provide to Paylocity Holding Corporation, any security holder of Paylocity Holding Corporation, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 2 and 3 of this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $104.48 to $105.41, inclusive.