Form 4: Paychex CPO Sells Shares for Tax Obligations

Paychex Chief Product Officer Ryan Bergstrom disposed of 6,781 shares of common stock to cover tax withholding obligations.

Summary

• Ryan Norman Bergstrom, Chief Product Officer of Paychex Inc. (PAYX), reported a disposition of common stock.
• The transaction involved 6,781 shares of common stock disposed of on October 1, 2025.
• The shares were disposed of at a price of $124.01 per share.
• The purpose of the disposition was to satisfy tax withholding obligations arising from the lapse of restrictions on restricted stock/restricted stock units.
• Following this transaction, Mr. Bergstrom beneficially owns 46,484 shares of common stock directly.
• Mr. Bergstrom also holds 14,767 stock options with an exercise price of $140.68, exercisable from July 15, 2026, and expiring on July 14, 2035.

Sentiment

Score: 5

Explanation: Neutral, as the transaction is a routine disposition for tax purposes, not a discretionary sale indicating management's view on the stock's future.

Future Outlook

This filing is a historical report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This specific insider transaction is a routine, non-discretionary event related to executive compensation and tax obligations, and does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary sale for tax purposes and does not signal a change in management's confidence or strategic direction.

Key Dates

Keywords

PAYX, Paychex, Form 4, Insider Transaction, Executive Compensation, Restricted Stock, Tax Withholding, Stock Option