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

Paychex Director B. Thomas Golisano reported gifting 9,390 shares of common stock valued at $107.17 per share to non-profit organizations.

Summary

• B. Thomas Golisano, a Director and 10% Owner of Paychex Inc. (PAYX), reported a disposition of common stock.
• On January 23, 2026, Golisano gifted 9,390 shares of Paychex common stock.
• The shares were valued at $107.17 per share at the time of the transaction.
• The gift was made to various non-profit organizations.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.
• Following this transaction, Golisano directly beneficially owns 35,943,893 shares and indirectly owns 40,354 shares through the Cynthia A. Golisano Irrevocable Trust.

Sentiment

Score: 5

Explanation: The transaction is a routine insider gift, not indicative of company performance or a change in investment sentiment. It's a pre-planned disposition for philanthropic purposes.

Positives

• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary disposition, which reduces concerns about market timing.

Negatives

• A significant shareholder, B. Thomas Golisano, disposed of 9,390 shares of common stock, slightly reducing their direct equity stake in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal impact due to the relatively small number of shares gifted compared to total outstanding shares.
• Non-profit organizations: Direct beneficiaries of the gifted shares.

Key Dates

Recommendation

This Form 4 reports a routine gift of shares by a director and 10% owner, B. Thomas Golisano, to non-profit organizations. Such a transaction is not indicative of the company's operational performance or future prospects and does not provide a basis for altering an investment recommendation. The disposition is a small fraction of Golisano's total holdings and was made pursuant to a Rule 10b5-1 plan.

Keywords

PAYX, Paychex, Golisano, Form 4, insider transaction, stock gift, beneficial ownership, Rule 10b5-1