Paylocity (PCTY) Director Reiner Andres Receives 2,207 RSU Award

What Happened

• Reiner Andres, a director of Paylocity Holding Corp (PCTY), received a grant of 2,207 restricted stock units (RSUs) on August 14, 2026. The Form 4 reports an acquisition price of $0 (standard for equity awards); these RSUs will convert to one share of common stock per RSU when settled. This is an award/compensation grant (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-08-14; Form 4 filed: 2026-08-20 (filing marked late).
• Grant size: 2,207 RSUs; acquisition price reported as $0 on the Form 4.
• Vesting: 25% vests quarterly so the award fully vests 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 disclosed in the provided filing.
• Transaction code: A = Award/Grant. Filing timeliness flagged as late (L).

Context

• RSU grants are a form of compensation and do not represent an immediate cash purchase or sale; they convert to shares only as they vest and settle. A late Form 4 filing is a reporting issue to note but does not by itself indicate any trading impropriety.