Form 4: Paychex Director B. Thomas Golisano Gifts Shares to Non-Profits

B. Thomas Golisano, a director at Paychex, gifted 2,605 shares of common stock to various non-profit organizations.

Summary

• B. Thomas Golisano, a director of Paychex Inc., reported a transaction involving the gifting of 2,605 shares of Paychex common stock.
• The shares were gifted to various non-profit organizations on November 14, 2024.
• The transaction was a gift, not a sale, and the price per share was $145.86.
• Following the transaction, Golisano directly owns 37,109,429 shares of Paychex common stock.
• Golisano also indirectly owns 43,675 shares through the Cynthia A. Golisano Irrevocable Trust.

Sentiment

Score: 5

Explanation: The document is a neutral transaction report, not indicative of positive or negative sentiment.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director and is not indicative of any broader industry trends.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
• The gifting of shares to non-profits is a common practice for individuals with significant holdings.

Stakeholder Impact

• The transaction has a minor impact on the total number of shares outstanding.
• The gift may have a positive impact on the non-profit organizations receiving the shares.

Key Dates

Keywords

Paychex, Director, Golisano, Share Gift, Non-profit, Beneficial Ownership, SEC Form 4