secwatch.observer — SEC 8-K summary
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Issuer:     Paylocity Holding Corp (PCTY)
CIK:        0001591698
Form:       8-K/A
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001591698-24-000181
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Paylocity sets executive chairman equity target at $2M for FY2025
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- Compensation Committee set equity award target value for Steven Beauchamp as Executive Chairman on Aug 15, 2024.
- Target value: $2,000,000 in FY2025 equity awards.
- Allocation: 50% time-vesting RSUs, 17% MSUs (TSR vs Russell 3000), 33% PSUs (recurring revenue targets).
- This amends prior 8-K filed Aug 1, 2024 regarding Beauchamp's appointment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591698/000159169824000181/0001591698-24-000181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591698/000159169824000181/pcty-20240726.htm
  HTML page:      https://secwatch.observer/filing/0001591698-24-000181

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer