Paylocity Holding Corp
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
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ITEM 5. OTHER INFORMATION
During the three months ended March 31, 2024, the following directors and/or officers adopted a “Rule 10b5-1 trading arrangement,” as defined in Item 408(a) of Regulation S-K intending to satisfy the affirmative defense of Rule 10b5-1(c):
| Name and Title · Total Shares of Common Stock to be Sold (1) · Duration (2) · Adoption Date · Expiration Date | |||||
|---|---|---|---|---|---|
| Nicholas Rost Vice President and Chief Accounting Officer | Up to 1,856 | (3) | June 17, 2024 - December 1, 2024 | March 13, 2024 | December 1, 2024 |
| Joshua Scutt Senior Vice President of Sales | Up to 3,691 | (3) | June 12, 2024 - March 13, 2025 | March 13, 2024 | March 13, 2025 |
| Toby J. Williams President, Co-Chief Executive Officer and Director | 16,000 | August 14, 2024 - March 14, 2025 | February 20, 2024 | March 14, 2025 | |
(1) The volume of sales is determined, in part, based on pricing triggers outlined in each adopting person's trading arrangement.
(2) Each trading arrangement permits transactions through and including the earlier to occur of (a) the completion of all sales or (b) the expiration date listed in the table.
(3) Includes shares subject to certain outstanding equity awards with time-based vesting conditions. The actual number of shares that may be sold will be net of the number of shares withheld by the Company to satisfy tax withholding obligations arising from the vesting of such awards, which is not determinable at this time.
No directors or officers terminated a Rule 10b5-1 trading arrangement or entered into orterminated a “non-Rule 10b5-1 trading arrangement” as defined in Item 408(a) of Regulation S-K during the three months ended March 31, 2024.
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