Williams Toby J. 4

What Happened
Toby J. Williams, President, CEO and a director of Paylocity Holding Corp (PCTY), had 1,302 shares disposed on March 11, 2026 to satisfy a tax liability related to an equity award/option exercise. The shares were withheld at an effective price of $114.55 per share, a total value of approximately $149,144. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-12 (timely filing).
• Shares withheld/disposed: 1,302 at $114.55 per share; total value ≈ $149,144.
• Transaction code: F (payment of exercise price or tax liability — tax withholding).
• Shares owned after transaction: not specified in the provided filing excerpt.
• No indication in this filing of an open-market sale or a 10b5-1 plan.

Context
Code F transactions typically reflect shares withheld by the company to cover taxes when an insider exercises options or receives a stock award; they are routine and do not necessarily signal a change in the insider’s view of the company. This disposal reduced the number of shares delivered to the insider as part of the equity settlement rather than representing a cash sale to a third party.