Paylocity CEO Sells $1.8 Million Worth of Shares Under Pre-Planned Trading Plan
Toby J. Williams, the President and CEO of Paylocity Holding Corporation (NASDAQ: PCTY), sold 12,000 shares for approximately $1.8 million on August 14, 2026, as disclosed in an SEC Form 4 filing. The transaction was executed under a Rule 10b5-1 trading plan established earlier that year to manage personal liquidity and did not appear to be reactive or opportunistic. Following the sale, Williams retained ownership of approximately 347,771 shares, valued at around $51.5 million based on the closing price for August 14, 2026. The shares sold were acquired through derivative securities exercised on the same day as the transaction. Paylocity reported trailing twelve-month revenue of $1.8 billion and net income of $269.7 million during this period. The company operates a recurring subscription-based business model in human capital management (HCM) and payroll processing, serving mid-market and enterprise clients across the U.S. Despite its strong financials, Paylocity's shares had declined by 14% over the year ending on August 14, 2026.
Tickers: $PCTY
Topics: executive sale Rule 10b5-1 SEC filing