Scutt Joshua 4

What Happened Joshua Scutt, Senior Vice President — Sales at Paylocity (PCTY), had 1,623 shares disposed on February 16, 2026 to satisfy a tax or exercise-related obligation (transaction code F). The shares were disposed at $107.13 each, for a total value of approximately $173,872. This was a disposition related to tax/withholding, not an open-market investment purchase.

Key Details

• Transaction date and price: 1,623 shares disposed on 2026-02-16 at $107.13 per share (total ≈ $173,872).
• Filing date: Form 4 filed 2026-02-18 (two days after the transaction), which appears timely under normal Form 4 rules.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The shares are owned by the reporting person’s father-in-law; the reporting person’s spouse was granted power of attorney giving investment power over those shares (Footnote F1).
• Transaction type: Code F — payment of exercise price or tax liability (commonly a tax-withholding disposition).

Context Code F transactions typically reflect shares surrendered or sold to cover taxes or exercise costs (often tied to option exercises or vesting awards) rather than a discretionary sale of holdings. The footnote indicates the shares are legally owned by a family member with investment power granted to the insider’s spouse, so this disposition may reflect administrative/tax settlement mechanics and should not be read as a clear signal of the insider’s view on company stock.