Ryan Norman Bergstrom - Apr 1, 2024 Form 4 Insider Report for PAYCOR HCM, INC. (PYCR)

Role
Chief Product and Technology Officer
Signature
/s/ Alice Geene, by Power of Attorney
Stock symbol
PYCR
Transactions as of
Apr 1, 2024
Transactions value $
-$23,160
Form type
4
Date filed
4/3/2024, 06:38 PM
Previous filing
Jan 25, 2024
Next filing
Apr 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYCR Common Stock Award $0 +27K +18.57% $0.00 172K Apr 1, 2024 Direct F1
transaction PYCR Common Stock Tax liability -$23.2K -1.23K -0.71% $18.86 171K Apr 1, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PYCR Stock Option (Right to Buy) Award $0 +19.2K $0.00 19.2K Apr 1, 2024 Common Stock 19.2K $19.44 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of Restricted Stock Units ("RSUs"), 33% of which shall vest on April 1, 2025, with the remainder vesting in 8 quarterly installments thereafter, with the RSUs fully vesting on the third anniversary of the grant date. Each RSU represents the right to receive one share of Common Stock, subject to the reporting person's continued service through the applicable vesting date.
F2 Represents shares withheld to satisfy tax withholding obligations upon vesting of RSUs.
F3 33% of the stock options vest and become exercisable on April 1, 2025, with the remainder vesting in 24 monthly installments thereafter, with the stock options fully vesting on the third anniversary of the grant date, subject in each case to the reporting person's continued service though the applicable vesting date.

Remarks:

Chief Product and Technology Officer