CFO Glenn Ryan sold 2,600 PCTY shares at $205.40 on 2024-12-02; retains 48,150 shares post-sale.
Glenn Ryan, Paylocity's CFO, executed a sale of 2,600 shares valued at $534,040.00 on 2024-12-02, reducing his holdings by 5.1% to 48,150 shares. The company is trading near its 52-week high of $213.79 with strong fundamentals (19.4% annual revenue growth, $49.6M net income on $363.0M revenue, elevated P/E of 52.69), and the stock has rallied 35.0% over the past 90 days and 9.6% in the past 30 days. The sale occurred at $205.40, which was below the current price of $209.71 at filing, and the transaction reduces but does not eliminate the CFO's significant stake of 48.2K shares remaining. Without information on any scheduled trading plan or prior pattern of sales, this represents a routine reduction in CFO shareholding during a period of strong stock performance.