4//SEC Filing
Scutt Joshua 4
Accession 0001955160-25-000007
CIK 0001591698other
Filed
Aug 18, 8:00 PM ET
Accepted
Aug 19, 4:03 PM ET
Size
13.7 KB
Accession
0001955160-25-000007
Insider Transaction Report
Form 4
Scutt Joshua
Senior Vice President Sales
Transactions
- Award
Common Stock, par value $0.001
2025-08-15+17,357→ 52,223 total - Award
Common Stock, par value $0.001
2025-08-15+6,175→ 58,398 total - Tax Payment
Common Stock, par value $0.001
2025-08-15$171.64/sh−2,452$420,861→ 55,946 total - Tax Payment
Common Stock, par value $0.001
2025-08-18$171.96/sh−439$75,490→ 55,507 total - Award
Market Stock Units
2025-08-15+2,480→ 2,480 totalExercise: $0.00→ Common Stock, par value $0.001 (2,480 underlying)
Holdings
- 118(indirect: Owned by father-in-law)
Common Stock, par value $0.001
Footnotes (7)
- [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.
- [F2]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
- [F3]Shares are owned by the Reporting Person's father-in-law; the Reporting Person's spouse was granted a power of attorney that provides for investment power over the shares.
- [F4]Each market stock unit (MSU) represents the contingent right to receive one (1) share of Issuer common stock.
- [F5]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.
- [F6]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.
- [F7]Market stock units do not expire; they either vest or are canceled prior to or upon the vesting date.
Documents
Issuer
Paylocity Holding Corp
CIK 0001591698
Entity typeother
Related Parties
1- filerCIK 0001955160
Filing Metadata
- Form type
- 4
- Filed
- Aug 18, 8:00 PM ET
- Accepted
- Aug 19, 4:03 PM ET
- Size
- 13.7 KB