Paylocity CEO Toby Williams Sells $1.8 Million Worth of Shares
Toby J. Williams, President and CEO of Paylocity Holding (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 part of a pre-established Rule 10b5-1 trading plan created to manage personal liquidity and did not appear opportunistic or indicative of negative sentiment toward the company. Following the sale, Williams retained ownership of approximately 347,771 shares in Paylocity, with those holdings valued at around $51.5 million as of August 14, 2026. The shares sold were acquired through derivative securities exercised on the same day. Despite a challenging year for Paylocity's stock price—down about 14% over the past twelve months—the CEO’s continued substantial ownership suggests ongoing alignment with company performance. Paylocity operates as a cloud-based HCM and payroll solutions provider, generating $1.8 billion in trailing revenue and maintaining a market cap of approximately $8.2 billion.
Tickers: $PCTY
Topics: CEO sale Paylocity SEC Form 4 stock transaction