Glenn Ryan 4

What Happened

• Glenn Ryan, Chief Financial Officer of Paylocity Holding Corp (PCTY), had 2,501 shares withheld to satisfy a tax liability (transaction code F). The shares were valued at $107.13 each, for a total value of approximately $267,932. This was a disposition via withholding, not an open-market sale.

Key Details

• Transaction date: 2026-02-16; Filing date: 2026-02-18 (filed timely).
• Price per share: $107.13; Shares withheld/disposed: 2,501; Total value: ~$267,932.
• Transaction code F = payment of exercise price or tax liability (shares surrendered/withheld to cover taxes).
• Shares owned after the transaction: not provided in the information supplied.
• Filing appears timely (reported within normal Form 4 window).

Context

• This type of transaction typically reflects tax withholding on vesting or option exercise (a cashless/withholding mechanism) rather than an intentional open-market sale; it is commonly routine and does not by itself signal a change in the insider’s view of the company.
• Retail investors generally place more informational weight on purchases than on withholding/sale transactions; always consider these filings alongside other insider activity and company fundamentals.