Beauchamp Steven R 4

What Happened

• Steven R. Beauchamp, Executive Chairman and Director of Paylocity Holding Corp (PCTY), reported a disposition of 1,849 shares on 2026-05-15 to satisfy tax or exercise-related obligations. The shares were recorded at $103.93 each, for a total value of approximately $192,167.
• This transaction is a tax-withholding disposition (code F) — shares were surrendered to cover tax liability (typically following an option exercise or RSU vesting) rather than sold on the open market. Such withholdings are routine and do not necessarily signal a change in the insider’s view of the company.

Key Details

• Transaction date: 2026-05-15; price per share: $103.93; total value of shares withheld: ~$192,167.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code/notes: “F” — payment of exercise price or tax liability (share withholding). No open-market sale reported in this transaction.
• Filing date: 2026-05-19. The Form 4 was filed within the typical 2-business-day window and appears timely.

Context

• For retail investors: tax-withholding dispositions are common when insiders exercise options or when restricted stock units vest. They are administrative in nature and generally less informative about insider sentiment than outright purchases or open-market sales.
• Purchases are often more indicative of insider confidence; withholding to satisfy taxes is routine and should be interpreted accordingly.