Paylocity (PCTY) SVP Andrew Cappotelli — Shares Withheld for Taxes

What Happened Andrew Cappotelli, Senior Vice President of Operations at Paylocity (PCTY), had 2,063 shares disposed on Aug 17, 2026 to satisfy tax obligations. The shares were valued at $148.28 each for a total of $305,902. This was a tax-withholding disposition (Form 4 transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-08-17; Filing date: 2026-08-19 (filed within the usual 2-business-day window).
• Shares withheld/disposed: 2,063 shares at $148.28 per share; total value reported $305,902.
• Transaction code: F — payment of exercise price or tax liability by delivering shares (tax withholding).
• Shares owned after the transaction: not specified in the provided filing details.
• No note of a 10b5-1 plan or other special plan included in the provided data.

Context This is a routine tax-withholding disposition, commonly seen when options vest or restricted shares are settled and the company withholds shares to cover taxes. Such withholding is administrative and does not necessarily signal insider buying or selling intent; purchases are generally more informative of positive insider conviction.