Paylocity (PCTY) CFO Glenn Ryan Sells 6,007 Shares for Tax Withholding

What Happened
Glenn Ryan, Chief Financial Officer of Paylocity Holding Corp (PCTY), had 6,007 shares disposed on 2026-08-17 as a tax-withholding action (transaction code F). The shares were valued at $148.28 each, for a total of approximately $890,718. This was a withholding to satisfy tax liability—effectively a disposition—rather than an open-market sale or new purchase.

Key Details

• Transaction date: 2026-08-17; price: $148.28 per share.
• Shares disposed: 6,007; total value ≈ $890,718.
• Transaction type/code: F — payment of exercise price or tax liability (shares withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing date: 2026-08-19; filing appears to be timely (within the standard Form 4 window).
• No 10b5-1 plan or other footnotes provided in the supplied data.

Context
Tax-withholding dispositions are common when executives exercise options or vest restricted stock; companies often withhold or surrender shares to cover taxes. This routine administrative action does not necessarily signal management sentiment in the same way an open-market purchase might. Purchases by insiders are generally considered more informative than withholding-related disposals.