Form 4: Paychex Director B. Thomas Golisano Reports Transaction
SEC Form 4 Filing
B. Thomas Golisano, a director and 10% owner of Paychex Inc., reports a transaction involving common stock via an irrevocable trust.
Summary
- On August 30, 2024, B. Thomas Golisano reported a transaction involving Paychex Inc. common stock.
- The transaction involved a disposition of 648 shares at a price of $129.55.
- These shares were held indirectly through the Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005.
- Following the transaction, Mr. Golisano directly owns 37,508,852 shares and the trust owns 43,675 shares.
- Mr. Golisano has also granted a Limited Power of Attorney to Prabha S. Bhandari and Robert L. Schrader for Section 16 reporting obligations, effective August 1, 2024.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and large shareholders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 2005-06-13 | Date of the Cynthia A. Golisano Irrevocable Trust U/A |
| 2008-07-22 | Mr. Golisano named trustee of the irrevocable trust |
| 2024-08-01 | Effective date of the Limited Power of Attorney |
| 2024-08-30 | Date of the reported transaction |
| 2024-09-06 | Date of signature for the report |
| 2026-10-28 | My Commission Expires |
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