Paylocity (PCTY) Director Robin Pederson Receives RSU Award

What Happened
Robin Pederson (Director) was granted 2,207 restricted stock units (RSUs) on August 14, 2026. The Form 4 reports the award as an acquisition (Code A) at $0.00 per unit (total reported value $0), reflecting a compensation grant rather than a cash purchase.

Key Details

• Transaction date: 2026-08-14 (Filed on 2026-08-18). Filing appears timely (within the standard 2 business-day window).
• Grant: 2,207 RSUs; reported price $0.00; transaction code A (award/grant).
• Shares owned after transaction: not specified in the Form 4.
• Footnote: RSUs convert to one share of common stock each, vesting 25% quarterly and fully vesting on the first anniversary of the grant; settlement under the Issuer’s Amended and Restated 2023 Equity Incentive Plan (see footnote F1).

Context
RSU grants are a form of compensation and retention—each RSU will convert to one share upon vesting rather than representing an immediate open-market purchase or sale. Such awards are common for directors and do not, by themselves, indicate buying or selling sentiment. When RSUs settle into shares, they can increase the company’s outstanding share count (dilution).