Paylocity (PCTY) CFO Glenn Ryan Withholds 2,436 Shares for Taxes

What Happened

• Glenn Ryan, Chief Financial Officer of Paylocity Holding Corp (PCTY), had 2,436 shares disposed on 2026-05-15 at $103.93 per share, a total value of about $253,173. The transaction is reported under code F, meaning the shares were used to pay an exercise price or tax withholding rather than a market sale.

Key Details

• Transaction date: 2026-05-15; Filing date (Form 4): 2026-05-19.
• Price per share: $103.93; Shares involved: 2,436; Total value: ≈ $253,173.
• Transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after the transaction: not specified in the provided excerpt; check the EDGAR filing for the full holdings table.
• No late-filing flag is indicated in the provided details; review the full Form 4 on EDGAR for timeliness confirmation.

Context

• This appears to be routine tax withholding related to an exercise or vesting event, not an open-market sale. Such withholdings are common and typically reflect payroll/tax obligations rather than a decision to reduce equity exposure.