Form 4: Paychex CFO Robert Schrader Exercises Options and Sells Shares
SEC Form 4 Filing
Robert Schrader, CFO of Paychex, exercised stock options and sold shares on October 15, 2024, according to a Form 4 filing with the SEC.
Summary
- On October 15, 2024, Robert L. Schrader, the Senior VP and CFO of Paychex Inc. (PAYX), executed transactions involving Paychex common stock.
- Schrader exercised stock options to acquire 13,015 shares at a price of $85.46 per share.
- He then sold 12,615 shares at $142.33 per share and 400 shares at $142.95 per share.
- Additionally, 82 shares were disposed of to cover tax withholding obligations at $142.3.
- Following these transactions, Schrader directly owns 17,280 shares of Paychex common stock and indirectly owns 315 shares through a 401(k).
- He also holds options to acquire a further 64,607 shares at prices ranging from $73.53 to $121.63.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend in the payroll and HR solutions industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the overall size of the company.
Key Dates
| Date | Description |
|---|---|
| 07/10/2020 | Date exercisable for stock options covering 13,015 common stock shares. |
| 07/15/2021 | Date exercisable for stock options covering 16,519 common stock shares. |
| 07/15/2022 | Date exercisable for stock options covering 9,102 common stock shares. |
| 07/15/2023 | Date exercisable for stock options covering 7,684 common stock shares. |
| 07/15/2024 | Date exercisable for stock options covering 8,846 common stock shares. |
| 10/15/2024 | Date of transaction: Schrader exercised options and sold shares. |
| 07/15/2025 | Date exercisable for stock options covering 18,322 common stock shares. |
| 07/09/2029 | Expiration date for stock options covering 13,015 common stock shares. |
| 07/14/2030 | Expiration date for stock options covering 16,519 common stock shares. |
| 07/14/2031 | Expiration date for stock options covering 9,102 common stock shares. |
| 07/14/2032 | Expiration date for stock options covering 7,684 common stock shares. |
| 07/14/2033 | Expiration date for stock options covering 8,846 common stock shares. |
| 10/14/2033 | Expiration date for stock options covering 4,237 common stock shares. |
| 07/14/2034 | Expiration date for stock options covering 18,322 common stock shares. |
| 10/17/2024 | Date of signature for the filing. |
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