Form 4: Paychex Chairman Martin Mucci Gifts Over 21,000 Shares to Family Foundation
Insider Transaction Report
Paychex Chairman and Director Martin Mucci reported a future transaction involving the gift of 21,642 shares of common stock to The Mucci Family Foundation, effective July 14, 2025.
Summary
- Martin Mucci, Chairman and Director of Paychex Inc. (PAYX), reported a disposition of common stock.
- The transaction involves gifting 21,642 shares of Paychex common stock.
- The effective date of the transaction is July 14, 2025.
- The shares were gifted at a price of $143.89 per share.
- The recipient of the gifted shares is The Mucci Family Foundation.
- Following this transaction, Martin Mucci will beneficially own 425,275.3318 shares of Paychex common stock.
- Existing derivative holdings include various stock options with exercise prices ranging from $57.24 to $121.63 and expiration dates extending from July 11, 2027, to July 14, 2034.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction (a gift of shares) and does not contain information that would significantly alter the company's financial or operational outlook.
Future Outlook
No forward-looking statements or guidance regarding the company's future performance or strategic direction are provided.
Industry Context
This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive dynamics within the human capital management or payroll services sector.
Related Party Transactions
- The gift of 21,642 shares of common stock was made to The Mucci Family Foundation, which is considered a related party due to the reporting person's affiliation.
Stakeholder Impact
- Shareholders: A minor reduction in direct beneficial ownership by a key executive, but the shares remain within a related entity (family foundation), indicating no immediate negative implications for company operations or value.
- Philanthropy: The gift directly benefits The Mucci Family Foundation, supporting its charitable activities.
Key Dates
| Date | Description |
|---|---|
| 07/12/2018 | Stock Option Date Exercisable |
| 07/11/2019 | Stock Option Date Exercisable |
| 07/10/2020 | Stock Option Date Exercisable |
| 07/15/2021 | Stock Option Date Exercisable |
| 07/15/2022 | Stock Option Date Exercisable |
| 10/15/2023 | Stock Option Date Exercisable |
| 07/15/2024 | Stock Option Date Exercisable |
| 07/14/2025 | Date of Earliest Transaction (Gift of Common Stock) |
| 07/15/2025 | Stock Option Date Exercisable and Signature Date of Filing |
| 07/11/2027 | Stock Option Expiration Date |
| 07/10/2028 | Stock Option Expiration Date |
| 07/09/2029 | Stock Option Expiration Date |
| 07/14/2030 | Stock Option Expiration Date |
| 07/14/2031 | Stock Option Expiration Date |
| 10/14/2032 | Stock Option Expiration Date |
| 07/14/2033 | Stock Option Expiration Date |
| 07/14/2034 | Stock Option Expiration Date |
Keywords
Paychex, PAYX, Martin Mucci, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Corporate Governance
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