Form 4: Paychex Director Golisano Gifts Shares to Trust

Paychex Director and 10% owner B. Thomas Golisano reported a gift of 923 common shares to an irrevocable trust on December 1, 2025.

Summary

• B. Thomas Golisano, a Director and 10% owner of Paychex Inc. (PAYX), reported a disposition of common stock.
• On December 1, 2025, Golisano gifted 923 shares of Paychex common stock.
• The shares were valued at $111.41 per share at the time of the transaction.
• This transaction was a quarterly distribution made pursuant to an irrevocable trust for which Mr. Golisano was named trustee on July 22, 2008.
• Following this transaction, Golisano indirectly beneficially owns 40,354 shares through the Cynthia A. Golisano Irrevocable Trust.
• Golisano also directly beneficially owns 36,193,128 shares of Paychex common stock.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction (gift from a trust) and does not indicate a change in company fundamentals or management's confidence.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• B. Thomas Golisano, a Director and 10% owner, gifted 923 shares of Paychex common stock to the Cynthia A. Golisano Irrevocable Trust, for which he serves as trustee.

Stakeholder Impact

• Shareholders: A minor reduction in indirect insider ownership, but the transaction is a planned trust distribution and not indicative of a change in confidence.

Key Dates

Recommendation

The filing details a routine insider gift of a small number of shares from a trust, which does not reflect a change in the company's operational performance or the insider's long-term view. Therefore, it does not warrant a change in investment recommendation based solely on this transaction.

Keywords

Paychex, PAYX, B. Thomas Golisano, Insider Transaction, Form 4, Stock Gift, Director, 10% Owner, Trust Distribution