Form 4: Paychex Director Gifts Shares to Non-Profits
Insider Transaction Report
Paychex Director and 10% Owner B. Thomas Golisano reported gifting 200 shares of common stock, valued at $123.87 per share, to various non-profit organizations.
Summary
- B. Thomas Golisano, a Director and 10% Owner of Paychex Inc. (PAYX), reported a disposition of 200 shares of common stock.
- The transaction occurred on October 28, 2025, and was categorized as a gift (transaction code 'G').
- The shares were valued at $123.87 per share at the time of the transaction.
- The gift was made to various non-profit organizations.
- Following this transaction, Golisano directly beneficially owns 36,640,384 shares and indirectly owns 41,277 shares through the Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of an insider gift, which is neutral in terms of company performance or outlook. It reflects philanthropic activity by a significant shareholder but has no direct positive or negative financial implications for the company's operations or stock value beyond the minimal change in insider ownership.
Positives
- The gift demonstrates philanthropic activity by a significant insider.
Negatives
- A reduction in direct beneficial ownership by an insider, though minimal in the context of total holdings.
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitive analysis for the payroll and human resources services sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan designed to comply with insider trading regulations. | 10/28/2025 | This demonstrates adherence to corporate governance best practices regarding insider stock transactions, providing an affirmative defense against claims of insider trading. |
Stakeholder Impact
- Shareholders: Minimal impact due to the small number of shares gifted relative to total outstanding shares and the insider's overall holdings.
- Non-profit organizations: Positive impact as recipients of the gifted shares.
Key Dates
| Date | Description |
|---|---|
| 10/28/2025 | Date of transaction (gift of shares) |
| 10/30/2025 | Signature date of the reporting person's attorney-in-fact |
Keywords
PAYX, Paychex, B. Thomas Golisano, Insider Transaction, Form 4, Stock Gift, Director, 10% Owner, Rule 10b5-1
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