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Paylocity Holding Executive Compensation (FY25)

PCTY · Schaumburg, IL · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Toby Williams
Median of the other named officers
$4,261,415
5 officers, excluding the chief executive
Latest say-on-pay support
=
December 4, 2025
Chief executive pay ratio
◇
To the median employee
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Data as of October 23, 2026Latest filing (8-K): December 5, 2025
15 filings cited on this page
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Paylocity Holding brief$1,500Get the executive brief
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377 figures on this page: 370 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Toby Williams: $14,737,065 → $18,044,482 (22.4% higher)
Say-on-pay support: 95.5% → 93.1% (2.4 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Paylocity Holding's chief executive and what were they paid?
Toby Williams, President and Chief Executive Officer, received $18,044,482 in total compensation for fiscal 2025. Compared with the $14,737,065 reported for fiscal 2024, Williams' total was 22.4% higher.
What was Paylocity Holding's say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.1% of votes cast including abstentions in favor at the meeting held December 4, 2025 for fiscal 2025.
Which companies are in Paylocity Holding's peer group?
The disclosed peer group names Bentley Systems, Bill Holdings, BlackLine, Dayforce and DocuSign, among others.
What is Paylocity Holding's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 164:1, against median employee compensation of $110,302.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven Beauchamp
Co-Chief Executive Officer
◇—◇—◇—◇◇
Michael Haske
Chief Operating Officer
◇—◇—◇—◇◇
Rachit Lohani
Chief Technology Officer
◇◇◇—◇—◇◇
Toby Williams
President and Co-Chief Executive Officer
◇—◇—◇—◇◇
Mark Kinsey
Senior Vice President of Operations
◇—◇—◇—◇◇
Ryan Glenn
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Toby Williams
President and Co-Chief Executive Officer
◇—◇—◇—◇◇
Steven Beauchamp
Co-Chief Executive Officer
◇—◇—◇—◇◇
Ryan Glenn
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Joshua Scutt
Senior Vice President of Sales
◇—◇—◇—◇◇
Rachit Lohani
Chief Technology Officer
◇—◇—◇—◇◇
Katherine Ross
Senior Vice President of Operations
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Toby Williams
President and Chief Executive Officer
◇—◇—◇—◇◇
Steven Beauchamp
Executive Chairman and Former Co-Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Ryan Glenn
Chief Financial Officer
◇—◇—◇—◇◇
Rachit Lohani
Chief Technology Officer
◇—◇—◇—◇◇
Joshua Scutt
Senior Vice President of Sales
◇—◇—◇—◇◇
Katherine Ross
Former Senior Vice President of Operations
Departed during or after this year
◇—◇—◇—◇◇
Andrew Cappotelli
Senior Vice President of Operations
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Toby Williams
President and Chief Executive Officer
◇—◇—◇—◇◇
Ryan Glenn
Chief Financial Officer
◇—◇—◇—◇◇
Joshua Scutt
Senior Vice President of Sales
◇—◇—◇—◇◇
Melissa King
Senior Vice President of Product and Technology
◇◇◇—◇—◇◇
Andrew Cappotelli
Senior Vice President of Operations
◇—◇—◇—◇◇
Steven Beauchamp
Executive Chairman and Former Co-Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andrew CappotelliRSU◇——◇——◇
Andrew CappotelliPSU◇◇◇—◇—◇
Andrew CappotelliPSU◇◇◇—◇—◇
Joshua ScuttRSU◇——◇——◇
Joshua ScuttPSU◇◇◇—◇—◇
Joshua ScuttPSU◇◇◇—◇—◇
Melissa KingRSU◇——◇——◇
Ryan GlennPSU◇◇◇—◇—◇
Ryan GlennPSU◇◇◇—◇—◇
Ryan GlennRSU◇——◇——◇
Steven R. BeauchampPSU◇◇◇—◇—◇
Steven R. BeauchampPSU◇◇◇—◇—◇
Steven R. BeauchampRSU◇——◇——◇
Toby J. WilliamsRSU◇——◇——◇
Toby J. WilliamsPSU◇◇◇—◇—◇
Toby J. WilliamsPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Joshua ScuttRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Andrew CappotelliRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Steven BeauchampRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Ryan GlennRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Toby WilliamsPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Melissa KingRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Andrew Cappotelli
Senior Vice President of Operations · Employment agreement
Severance multiple◇
Severance base◇
Equity acceleration on change in control◇
Non-compete period◇
Non-solicit period◇
Joshua Scutt
Senior Vice President of Sales · Employment agreement · citing a 2023 filing
Severance multiple◇
Severance base◇
Equity acceleration on change in control◇
Non-compete period◇
Non-solicit period◇
Clawback◇
Melissa King
Senior Vice President of Product and Technology · Employment agreement · citing a 2025 filing
Severance multiple◇
Severance base◇
Equity acceleration on change in control◇
Non-compete period◇
Non-solicit period◇
Ryan Glenn
Chief Financial Officer · Employment agreement
Severance multiple◇
Severance base◇
Equity acceleration on change in control◇
Non-compete period◇
Non-solicit period◇
Clawback◇
Toby Williams
President and Chief Executive Officer · Employment agreement
Severance multiple◇
Severance base◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ronald V. Waters III
Lead independent director
◇◇————◇
Kenneth B. Robinson
◇◇————◇
Robin L. Pederson
◇◇————◇
Virginia G. Breen
◇◇————◇
Craig A. Conway
◇◇————◇
Andres D. Reiner
◇◇————◇
Linda M. Breard
◇◇————◇
Steven I. Sarowitz
◇◇————◇
Jeffrey T. Diehl
◇◇————◇
Steven R. Beauchamp and Toby J. Williams served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Bentley Systems BSY
  • Bill Holdings BILL
  • BlackLine BL
  • Dayforce DAY
  • DocuSign DOCU
  • Dynatrace DT
  • Elastic N.V. ESTC
  • Guidewire Software GWRE
  • HubSpot HUBS
  • Informatica INFA
  • Manhattan Associates MANH
  • Okta OKTA
  • Paycom Software PAYC
  • Paycor HCM PYCR
  • Procore Technologies PCOR
  • PTC PTC
  • RingCentral RNG
  • Smartsheet SMAR
  • The Trade Desk TTD

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025December 4, 2025=◇◇◇
2024December 5, 2024=◇◇◇
2022December 1, 2022=◇◇◇
2021December 1, 2021=◇◇◇
2020December 3, 2020=◇◇◇
2019December 13, 2019=◇◇◇
2018December 7, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Toby Williams (President and Chief Executive Officer), FY2025 total compensation $18,044,482 (base salary $680,960) [exec_comp, SEC accession 0001591698-25-000102, filed 2025-10-23]

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What this page does not include

Everything above is a fact Paylocity Holding disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Paylocity Holding sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
377 figures on this page: 370 cited to the filing that reported them, 7 calculated from figures it prints.
370 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001591698-25-000132
    Proposal 3: Advisory vote to approve the compensation of named executive officers.
  2. 0001591698-25-000102
    CEO Pay Ratio · Grants of Plan-Based Awards · Potential Payments Upon Termination
  3. 0001591698-24-000416
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001591698-24-000268
    Summary Compensation Table
  5. 0001591698-24-000151
    Employment Agreement
  6. 0001591698-23-000229
    Summary Compensation Table
  7. 0001591698-22-000208
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001591698-22-000175
  9. 0001591698-22-000045
    Employment Agreement
  10. 0001591698-21-000013
  11. 0001104659-20-132841
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001104659-19-072564
  13. 0001104659-18-071843
  14. 0001591698-23-000115
    EX-10.8
  15. 0001591698-25-000087
    EX-10.10
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Velarion, “Paylocity Holding executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PCTY (accessed 2026).
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15 filings cited on this page
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Tech — Software rankings

Chief executive pay — Tech — SoftwareCEO pay ratio — Tech — SoftwareSay-on-pay support — Tech — Software

Peers Paylocity Holding discloses

The companies named in PCTY's own disclosed peer group.

Bentley SystemsBill HoldingsBlackLineDayforceDocuSignDynatraceElastic N.V.Guidewire SoftwareHubSpotInformaticaManhattan AssociatesOktaPaycom SoftwarePaycor HCMProcore TechnologiesPTCRingCentralSmartsheetThe Trade Desk

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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