Paylocity CEO Williams Sells 12,000 Shares for $1.8 Million
Key PointsThe transaction was valued at approximately $1.8 million.
Paylocity's CEO, Toby J. Williams, sold 12,000 shares of the company's stock on August 14, 2026, for approximately $1.8 million, according to a Securities and Exchange Commission Form 4 filing. The transaction was executed under a pre-established Rule 10b5-1 trading plan and involved shares acquired through the exercise of derivative securities on the same day.
Following the sale, Williams still holds nearly 348,000 shares, representing a market value of $51.5 million at the August 14 closing price. The company, which reported $1.8 billion in trailing twelve-month revenue and $269.7 million in net income, has experienced a 14% decline in share price over the past year. Despite the sale, Williams' continued ownership and leadership position suggest his confidence in the company's future prospects.
Currently, 77% of the 22 analysts covering Paylocity rate the stock a buy, with a median one-year price target of $170, indicating a potential 9.9% gain from the current stock price.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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