Williams (CEO/President) sells 8,000 PCTY shares for $837,194.00; 5 of 5 prior PCTY sales posted negative 90-day returns.
Williams executed two separate sales totaling 8,000 shares for $837,194.00 at blended average price $104.65, reducing his holdings by 3.8% from 213.3K to 205.3K shares. His prior trading pattern at PCTY shows a striking timing pattern: all 5 previous PCTY sales resulted in negative 90-day returns (ranging from -1.4% to -14.3%), signaling that his prior sales have coincided with or preceded subsequent declines. The current stock price of $109.35 is -49.8% from the 52-week high and down -22.0% over 30 days and -24.0% over 90 days, reflecting significant recent weakness. Given the CEO's consistent track record of selling at levels that subsequently fell at this specific ticker, this transaction occurs in an environment of material price deterioration and extends a demonstrated pattern of sale timing relative to downward price movements.