Form 4: Paychex Director David J. Flaschen Reports Stock Option Exercises and Sales
SEC Form 4
Director David J. Flaschen reports exercising stock options and selling shares of Paychex Inc. on May 24, 2024.
Summary
- On May 24, 2024, David J. Flaschen, a director of Paychex Inc., engaged in multiple transactions involving the company's stock.
- Flaschen exercised stock options to acquire 9,489 shares at $47.43 and 10,220 shares at $60.59.
- He then sold 7,743 shares at $124.36, 1,746 shares at $125.35, 8,400 shares at $124.38, and 1,820 shares at $125.34.
- Following these transactions, Flaschen directly owns 5,383 shares and indirectly owns 6,335.666 shares through the Katherine S. Flaschen Irrevocable Trust, 6,335.666 shares through The DJ Flaschen Irrevocable Trust, and 33,247.536 shares directly.
- He also holds options for 9,615 shares at $57.2, 8,641 shares at $70.37, 5,793 shares at $73.53 and 3,382 shares at $120.86.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard Form 4 filing reporting insider transactions. There's no indication of positive or negative sentiment towards the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a broader industry trend. It is common for executives to exercise stock options and sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 07/09/2016 | Date exercisable for 9,489 stock options at $47.43 |
| 07/07/2017 | Date exercisable for 10,220 stock options at $60.59 |
| 07/13/2018 | Date exercisable for stock options at $57.2 |
| 07/12/2019 | Date exercisable for stock options at $70.37 |
| 07/15/2021 | Date exercisable for stock options at $73.53 |
| 05/24/2024 | Date of stock option exercises and share sales |
| 07/15/2024 | Date exercisable for stock options at $120.86 |
| 07/08/2025 | Expiration date for 9,489 stock options at $47.43 |
| 07/06/2026 | Expiration date for 10,220 stock options at $60.59 |
| 07/12/2027 | Expiration date for stock options at $57.2 |
| 07/11/2028 | Expiration date for stock options at $70.37 |
| 07/14/2030 | Expiration date for stock options at $73.53 |
| 07/14/2033 | Expiration date for stock options at $120.86 |
| 05/28/2024 | Date of signature by Attorney-in-fact |
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