This cluster is routine — the open-market sales are tiny relative to market cap, and the bulk of activity is non-cash grants and mandatory tax withholding. No bearish signal. Monitor the next 10-Q for any fundamental changes, but this filing alone does not warrant action.
Price Chart
Executive Summary
An insider trading cluster at Paylocity shows $529K in open-market sales by the Executive Chairman, CEO, a director, and an SVP, alongside large non-cash stock grants and tax-withholding share surrenders. The open-market sales are modest relative to the $7.8B market cap (~0.007%), and the cluster is dominated by non-cash grant/award activity, making the selling routine and non-informative.
Key Financial Metrics
Key Facts
- Executive Chairman Steven R. Beauchamp sold ~$2.2M in open-market sales across multiple transactions on 2026-08-14, but this is part of a larger pattern of stock grants and tax-withholding events.
- Total open-market sales in the cluster: $529K, representing ~0.007% of PCTY's $7.8B market cap — well below the 0.1% materiality threshold.
- The cluster includes $0-value stock grants to multiple directors and executives (Beauchamp, Breen, Breard, Waters, Conway) on 2026-08-14, which are non-cash compensation events.
- Tax-withholding share surrenders on 2026-08-17 by the CEO, CFO, and other senior executives total ~$5.7M — these are automatic, non-discretionary transactions tied to vesting.
- No open-market purchases were reported in the cluster; all cash transactions are sales or tax-related surrenders.
Financial Impact
Open-market sales of $529K are immaterial relative to $7.8B market cap. Non-cash grants and tax-withholding events have zero economic impact.
Risk Factors
- No material risk identified from this filing; insider selling is immaterial in size and context.
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-1787198564006 |
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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