The insider selling is trivial relative to market cap and accompanied by routine equity grants — no bearish signal.
Price Chart
Executive Summary
Executive Chairman Steven Beauchamp and CEO Toby Williams sold a combined ~$2.0M in open-market shares on August 14, 2026, alongside a large cluster of non-cash equity grants to multiple executives and directors. The open-market sales total ~$2.0M, representing ~0.026% of PCTY's $7.8B market cap — a trivial amount that does not signal bearish conviction. The cluster is dominated by routine equity compensation events (grants and tax-withholding surrenders), making the net selling direction largely administrative rather than informational.
Key Financial Metrics
Key Facts
- Executive Chairman Beauchamp sold 14,824 shares open-market for ~$2.2M total across multiple trades on Aug 14
- CEO Williams sold 9,699 shares open-market for ~$1.44M on Aug 14
- Total open-market sales across all insiders: ~$3.7M, or ~0.047% of market cap
- Large equity grants (non-cash) to Beauchamp, Cappotelli, King, and others on Aug 14 — routine compensation
- Director Sarowitz sold only 301 shares for $45K — de minimis
- No insider open-market purchases in the cluster
Financial Impact
Open-market insider sales of ~$3.7M total, representing ~0.047% of $7.8B market cap — immaterial
Risk Factors
- Insider selling could accelerate if executives continue to reduce positions ahead of earnings
- No insider buying to offset the selling — lack of bullish conviction signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PCTY-1787196826106 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | $176.46 | awaiting T+1 | — | $176.46 (+0.00%) |
Oct 23, 2026 3d ago | Institutional Cluster | $177.19 $176.46 | ▼ −0.41% | ▼ −1.12% | $176.46 (−0.41%) |
Oct 22, 2026 4d ago | DEFA14A / DEF 14A | $177.67 $177.19 | ▼ −0.27% | ▲ +0.25% | $176.46 (−0.68%) |
Oct 22, 2026 5d ago | Insider Cluster | $177.19 $176.46 | ▲ +0.41% | ▲ +1.12% | $176.46 (+0.41%) |
Oct 21, 2026 5d ago | Insider Cluster | $177.67 $177.19 | ▲ +0.27% | ▼ −0.25% | $176.46 (+0.68%) |
Oct 19, 2026 8d ago | Insider Cluster | $170.06 $169.33 | ▲ +0.43% | ▲ +0.95% | $176.46 (−3.76%) |
Oct 16, 2026 10d ago | Insider Cluster | $166.17 $170.06 | ▲ +2.34% | ▲ +2.01% | $176.46 (+6.19%) |
Sep 10, 2026 6w ago | Press Release | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | $176.46 (+23.52%) |
Sep 9, 2026 6w ago | Insider Cluster | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | $176.46 (+23.52%) |
Sep 1, 2026 7w ago | Insider Cluster | $154.29 $154.29 | · 0.00% | ▼ −1.05% | $176.46 (+14.37%) |
US Market Status
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