4/A: Paychex CEO Corrects Stock Grant Reporting Error in Amended SEC Filing
SEC Filing
John B. Gibson, President and CEO of Paychex, files an amended SEC Form 4/A to correct an underreported number of performance shares granted.
Summary
- John B. Gibson, the President and CEO of Paychex Inc., filed an amended Form 4/A with the SEC on August 6, 2024.
- The amendment corrects an administrative error in the initial Form 4 filed on July 17, 2024, regarding the number of performance shares granted.
- The corrected filing shows that Gibson directly owns 81,290 shares of Paychex common stock.
- It also details Gibson's ownership of various stock options with different exercise prices and expiration dates, totaling 274,683 shares of common stock underlying the options.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, correcting a previous error. It doesn't indicate any significant positive or negative news, but transparency is generally viewed favorably.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders and potential investors.
Key Dates
| Date | Description |
|---|---|
| 07/11/2019 | Date exercisable for stock options at $69.54 expiring 07/10/2028 |
| 07/10/2020 | Date exercisable for stock options at $85.46 expiring 07/09/2029 |
| 07/15/2021 | Date exercisable for stock options at $73.53 expiring 07/14/2030 |
| 07/15/2022 | Date exercisable for stock options at $112.67 expiring 07/14/2031 |
| 01/15/2023 | Date exercisable for stock options at $125 expiring 01/14/2032 |
| 07/15/2023 | Date exercisable for stock options at $115 expiring 07/14/2032 |
| 10/15/2023 | Date exercisable for stock options at $109.19 expiring 10/14/2032 |
| 07/15/2024 | Date of transaction for common stock acquisition and date exercisable for stock options at $120.86 expiring 07/14/2033 |
| 07/17/2024 | Date of original filing of Form 4 |
| 07/15/2025 | Date exercisable for stock options at $121.63 expiring 07/14/2034 |
| 08/01/2024 | Date of Limited Power of Attorney execution |
| 08/06/2024 | Date of amended filing (Form 4/A) |
| 10/22/2026 | Expiration date of Notary Public Dana L Bolia's commission |
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