Paylocity (PCTY) Sr. VP Andrew Cappotelli Withholds 58 Shares for Taxes

What Happened

• Andrew Cappotelli, Senior Vice President of Operations at Paylocity Holding Corp (PCTY), had 58 shares withheld on Sep 1, 2026 to satisfy tax obligations tied to stock compensation. The withholding was recorded at $160.22 per share, for a total value of about $9,293. This was a tax-withholding disposition (routine), not an open-market sale.

Key Details

• Transaction date: 2026-09-01
• Price per share: $160.22; Shares withheld/disposed: 58; Total value: ~$9,293
• Transaction code: F (payment of exercise price or tax liability — withholding of shares)
• Filing date / timeliness: Form 4 filed 2026-09-02 (appears timely; Form 4s are typically due within two business days)
• Shares owned after transaction: Not specified in the reported filing
• No 10b5-1 plan or late-filing flag noted in this filing

Context

• A withholding (code F) usually means the company retained shares to cover taxes on vested awards or exercised options. This is a routine administrative action and does not represent an open-market sale or a fresh purchase; it generally shouldn’t be interpreted as a directional bet by the insider.