4//SEC Filing
Williams Toby J. 4
Accession 0001716436-25-000004
CIK 0001591698other
Filed
Aug 18, 8:00 PM ET
Accepted
Aug 19, 4:02 PM ET
Size
18.4 KB
Accession
0001716436-25-000004
Insider Transaction Report
Form 4
Williams Toby J.
DirectorPresident and CEO
Transactions
- Award
Common Stock, par value $0.001
2025-08-15+46,576→ 174,125 total - Sale
Common Stock, par value $0.001
2025-08-15$171.50/sh−3,980$682,570→ 226,360 total - Tax Payment
Common Stock, par value $0.001
2025-08-18$171.96/sh−1,588$273,072→ 220,752 total - Award
Market Stock Units
2025-08-15+15,836→ 15,836 totalExercise: $0.00→ Common Stock, par value $0.001 (15,836 underlying) - Award
Common Stock, par value $0.001
2025-08-15+27,398→ 201,523 total - Award
Common Stock, par value $0.001
2025-08-15+42,332→ 243,855 total - Tax Payment
Common Stock, par value $0.001
2025-08-15$171.64/sh−13,515$2,319,715→ 230,340 total - Sale
Common Stock, par value $0.001
2025-08-15$172.04/sh−4,020$691,601→ 222,340 total
Footnotes (10)
- [F1]Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person to receive one (1) share of Common Stock per RSU. The RSUs will vest over four years beginning on the date of grant at a rate of 6.25% vesting every three months. The grant will be settled pursuant to the terms of the Issuer's 2023 Equity Incentive Plan.
- [F10]Market stock units do not expire; they either vest or are canceled prior to or upon the vesting date.
- [F2]Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person to receive one (1) share of Common Stock per RSU. The RSUs will vest over two years beginning on the date of grant at a rate of 12.5% vesting every three months. The grant will be settled pursuant to the terms of the Issuer's 2023 Equity Incentive Plan.
- [F3]Represents performance stock units (PSUs) awarded pursuant to the Issuer's 2023 Equity Incentive Plan for which performance criteria have been satisfied that will entitle the Reporting Person to receive one share of the Issuer's common stock per PSU upon vesting. 50% of the PSUs vest on August 15, 2025. The remaining PSUs will vest in two equal installments on August 15, 2026 and August 15, 2027, subject to continued service through each of the respective vesting dates. The grant will be settled pursuant to the terms of the Issuer's 2023 Equity Incentive Plan
- [F4]The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on February 21, 2025.
- [F5]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $170.82 to $171.82, inclusive. The reporting person undertakes to provide to Paylocity Holding Corporation, any security holder of Paylocity Holding Corporation, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 5 and 6 of this Form 4.
- [F6]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $171.83 to $172.50, inclusive.
- [F7]Each market stock unit (MSU) represents the contingent right to receive one (1) share of Issuer common stock.
- [F8]Reflects the grant of a target number MSUs subject to the award as presented in the table. The number of MSUs that ultimately vest may be 0%-200% of this number, depending upon the achievement by the Issuer of certain total shareholder return objectives.
- [F9]The MSUs have four separate performance periods, which begin August 31, 2025 and end November 30, 2027, February 29, 2028, May 31, 2028 and August 31, 2028, respectively. Twenty five percent (25%) of the total award may be earned after the end of each performance period and, to the extent earned, will vest quarterly.
Documents
Issuer
Paylocity Holding Corp
CIK 0001591698
Entity typeother
Related Parties
1- filerCIK 0001716436
Filing Metadata
- Form type
- 4
- Filed
- Aug 18, 8:00 PM ET
- Accepted
- Aug 19, 4:02 PM ET
- Size
- 18.4 KB