Paylocity (PCTY) Director Virginia Breen Receives RSU Award

What Happened

• Virginia G. Breen, a director of Paylocity Holding Corp (PCTY), was granted 2,207 restricted stock units (RSUs) on August 14, 2026. The Form 4 reports the acquisition price as $0.00 (award/grant).
• The filing does not state a cash value or post-transaction total share ownership for Breen; the RSUs will convert to one share of common stock per RSU as they vest.

Key Details

• Transaction date: 2026-08-14; Form 4 filed: 2026-08-18 (appears timely—filed within two business days).
• Reported transaction type/code: A (award/grant); reported price: $0.00.
• Shares granted: 2,207 RSUs; each RSU entitles the holder to one share upon vesting.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnote: RSUs vest 25% quarterly, so the award will be fully vested and settled on the first anniversary of the grant, and settlement is governed by the Issuer’s Amended and Restated 2023 Equity Incentive Plan.

Context

• RSU grants are a form of equity compensation, not an open‑market purchase or sale; they become actual shares only as they vest. Such awards are routine for directors and employees and do not by themselves indicate insider buying or selling intent.