Glenn Ryan 4

What Happened
Glenn Ryan, Chief Financial Officer of Paylocity Holding Corp., had 585 shares disposed to cover tax obligations (transaction code F). The shares were reported at $114.55 each, for a total value of approximately $67,012. This was a tax-withholding disposition related to an exercise/settlement rather than an open-market sale.

Key Details

• Transaction date: 2026-03-11; filing date: 2026-03-12 (timely file).
• Reported disposition: 585 shares at $114.55 per share — total ≈ $67,012.
• Transaction code: F (payment of exercise price or tax liability); filing shows the shares were "disposed" to satisfy taxes.
• Shares owned following the reported transaction: not disclosed in the provided summary (see the full Form 4 for holdings).
• No indication of a 10b5-1 plan or other special footnote in the provided summary.

Context
This type of transaction is a routine tax-withholding event tied to option exercises or share settlements (often called a cashless exercise or share withholding). It does not necessarily signal a CEO/CFO decision to sell shares on the market; instead, shares are retained/issued and used to cover tax liabilities. For investment decisions, note the size (~$67k) and that withholding transactions are common and generally administrative.