Paylocity Holding Corp — Director's Dealing 2023

Sep 11, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Paylocity Holding Corp (PCTY)
CIK: 0001591698
Period of Report: 2023-09-07

Reporting Person: Beauchamp Steven R (Director, Co-Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-09-07	Common Stock, par value $0.001	M	29453	—	Acquired	1791950	Direct
2023-09-07	Common Stock, par value $0.001	F	13048	$201.50	Disposed	1778902	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-09-07	Market Stock Units	$0	M	24544	Disposed		Common Stock, par value $0.001 (24544)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.001	22500	Indirect
Common Stock, par value $0.001	220000	Indirect

Footnotes

F1: Represents shares of Issuer Common Stock issued upon the settlement of Market Stock Units granted on August 14, 2020, based on the achievement by the Issuer of certain total shareholder return objectives over the three-year performance period ending August 31, 2023.

F2: Each Market Stock Unit entitles the Reporting Person to a payout of shares of Issuer Common Stock equal to between 0% and 200% of such Market Stock Unit depending on the relative performance of the total shareholder return of Issuer Common Stock compared with that of a peer group over a three-year performance period ending August 31, 2023.

F3: The Market Stock Units vested upon determination by the Compensation Committee of the level of achievement of the performance criteria.

F4: Market Stock Units do not expire; they either vest or are canceled prior to or upon the vesting date.