Beauchamp Steven R 4
Research Summary
AI-generated summary
Paylocity (PCTY) Exec Chairman Steven R. Beauchamp Sells 1,921 Shares
What Happened
Steven R. Beauchamp, Executive Chairman and Director of Paylocity Holding Corp (PCTY), disposed of 1,921 shares on February 16, 2026 to satisfy a tax withholding obligation. The shares were recorded at $107.13 each, for a total of approximately $205,797. This was a tax-withholding/settlement transaction (not an open-market sale intended as investment action).
Key Details
- Transaction date: 2026-02-16
- Price per share: $107.13
- Shares disposed: 1,921
- Total value reported: ~$205,797
- Transaction code: F (payment of exercise price or tax liability — shares surrendered/withheld to cover taxes)
- Form 4 filed: 2026-02-18 (filed within the usual two-business-day window)
- Shares owned after transaction: Not specified in the excerpt provided
Context
Code F transactions commonly occur when options are exercised or restricted stock units vest and the company withholds or receives shares to cover taxes. These are routine administrative transactions and do not necessarily indicate a change in the insider’s view of the company’s prospects.