Paylocity (PCTY) CFO Glenn Ryan Receives Equity Award

What Happened Glenn Ryan, Chief Financial Officer of Paylocity Holding Corp (PCTY), was granted a total of 71,034 equity units on August 14, 2026. The grants are reported as awards (code A) and show an acquisition price of $0.00. They break down as: 45,586 RSUs (F1), 7,042 RSUs (F2), 11,893 PSUs for which performance criteria have been satisfied (F3), and 6,513 market stock units (MSUs, derivative) (F4–F7). These awards will convert to shares or vested value per the company’s Amended and Restated 2023 Equity Incentive Plan.

Key Details

• Transaction date: August 14, 2026. Report filed August 18, 2026 (timely within Form 4 rules).
• Price: $0.00 per unit (these are grants/awards, not cash purchases).
• Total units granted: 71,034 (45,586 + 7,042 + 11,893 + 6,513).
• Shares owned after transaction: Not disclosed in the provided filing.
• Grant settlement: Awards will be settled under Paylocity’s Amended and Restated 2023 Equity Incentive Plan.
• Notable vesting/performance terms (selected footnotes):
  • F1: 45,586 RSUs vest over four years, starting at grant; 6.25% vests every three months.
  • F2: 7,042 RSUs vest over two years; 12.5% vests every three months.
  • F3: 11,893 PSUs have satisfied performance criteria; 50% vest on Aug 15, 2026, with the remainder vesting Aug 15, 2027 and Aug 15, 2028, subject to continued service.
  • F4–F7: 6,513 MSUs are contingent rights to shares; target amount may pay out 0%–200% depending on total shareholder return goals, with four performance periods and quarterly vesting if earned. MSUs do not expire except by vesting or cancellation.

Context

• These are awards/grants (not open-market buys or sales). Grants are routine compensation and long-term incentives — they do not represent an immediate cash outlay by the insider.
• PSUs and MSUs are performance-contingent: PSUs here have met criteria for partial vesting; MSU payouts depend on future TSR performance (possible 0%–200% of target).
• No indication of a sale, purchase, or option exercise; therefore this filing is informative about compensation structure and future potential dilution but does not signal an immediate insider buy/sell.