Ryan Glenn - Aug 15, 2025 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Signature
/s/ Kris Kang, attorney-in-fact to Ryan Glenn
Stock symbol
PCTY
Transactions as of
Aug 15, 2025
Transactions value $
-$621,282
Form type
4
Date filed
8/19/2025, 04:02 PM
Previous filing
May 19, 2025
Next filing
Aug 21, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Glenn Ryan Chief Financial Officer C/O 1400 AMERICAN LANE, SCHAUMBURG /s/ Kris Kang, attorney-in-fact to Ryan Glenn 2025-08-19 0001910963

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCTY Common Stock, par value $0.001 Award $0 +29.7K +69.04% $0.00 72.8K Aug 15, 2025 Direct F1
transaction PCTY Common Stock, par value $0.001 Award $0 +4.11K +5.65% $0.00 76.9K Aug 15, 2025 Direct F2
transaction PCTY Common Stock, par value $0.001 Award $0 +8.44K +10.97% $0.00 85.3K Aug 15, 2025 Direct F3
transaction PCTY Common Stock, par value $0.001 Tax liability -$559K -3.26K -3.81% $171.64 82.1K Aug 15, 2025 Direct
transaction PCTY Common Stock, par value $0.001 Tax liability -$62.6K -364 -0.44% $171.96 81.7K Aug 18, 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PCTY Market Stock Units Award $0 +4.25K $0.00 4.25K Aug 15, 2025 Common Stock, par value $0.001 4.25K $0.00 Direct F4, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 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 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.