Paylocity Director Ronald Waters Receives 2,207 RSU Award

What Happened Ronald V. Waters, a director of Paylocity Holding Corp (PCTY), was granted 2,207 restricted stock units (RSUs) on 2026-08-14. The grant is recorded at $0.00 per share (award) and will convert to one share of common stock per RSU upon vesting. This is an equity compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-14 (Form 4 filed 2026-08-18 — filing was on time).
• Type: Award/Grant (code A); 2,207 RSUs granted at $0.00.
• Vesting: 25% quarterly so the award vests completely on the first anniversary of the grant (per footnote).
• Settlement: Will be settled under the Issuer's Amended and Restated 2023 Equity Incentive Plan.
• Shares owned after transaction: Not specified in the provided filing information.
• No indication of a 10b5-1 plan, tax withholding, or cashless sale in this filing.

Context RSUs are a form of compensation that convert to shares only as they vest; they do not represent immediately tradable stock. Such grants are common for directors and employees as part of ongoing compensation and do not by themselves signal a buy or sell decision.