Form 4: Paychex Director Joseph Doody Transfers Shares to Family Trust
Insider Ownership Change
Paychex Inc. Director Joseph Doody reported a transfer of 761 shares of common stock to his revocable living trust, effective July 17, 2025.
Summary
- Joseph Doody, a Director of Paychex Inc. (PAYX), reported a transaction involving 761 shares of common stock.
- The transaction, dated July 17, 2025, involved the disposition of 761 shares directly owned and the acquisition of 761 shares indirectly through the Joseph G. Doody Revocable Living Trust.
- This was a transfer of shares to a family trust, with no monetary consideration ($0 price).
- Following the transaction, Joseph Doody directly beneficially owns 164 shares and indirectly beneficially owns 23,758 shares through the trust.
- The filing also details various stock options beneficially owned by Mr. Doody, including 7,929 options at $85.33, 5,793 options at $73.53, 5,075 options at $112.67, 3,027 options at $115, 3,382 options at $120.86, 3,351 options at $121.63, and 670 options at $140.68, with various exercise and expiration dates ranging from 2020 to 2035.
Sentiment
Score: 5
Explanation: The filing reports a routine transfer of shares to a family trust, which is a neutral event with no direct positive or negative implications for the company's operational or financial performance.
Future Outlook
NA
Industry Context
This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive landscape.
Related Party Transactions
- Transfer of 761 common shares from Joseph Doody's direct ownership to the Joseph G. Doody Revocable Living Trust, which is considered a related party due to the reporting person's control over the trust.
Stakeholder Impact
- Minimal direct impact on shareholders as the economic interest in the shares remains with the reporting person, just under a different ownership structure.
- No direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 07/11/2020 | Date exercisable for 7,929 stock options with an exercise price of $85.33. |
| 07/15/2021 | Date exercisable for 5,793 stock options with an exercise price of $73.53. |
| 07/15/2022 | Date exercisable for 5,075 stock options with an exercise price of $112.67. |
| 07/15/2023 | Date exercisable for 3,027 stock options with an exercise price of $115. |
| 07/15/2024 | Date exercisable for 3,382 stock options with an exercise price of $120.86. |
| 07/14/2025 | Date exercisable for 3,351 stock options with an exercise price of $121.63. |
| 07/17/2025 | Transaction date for the transfer of 761 common shares to the Joseph G. Doody Revocable Living Trust. |
| 07/21/2025 | Signature date of the reporting person's attorney-in-fact. |
| 07/15/2026 | Date exercisable for 670 stock options with an exercise price of $140.68. |
| 07/10/2029 | Expiration date for 7,929 stock options. |
| 07/14/2030 | Expiration date for 5,793 stock options. |
| 07/14/2031 | Expiration date for 5,075 stock options. |
| 07/14/2032 | Expiration date for 3,027 stock options. |
| 07/14/2033 | Expiration date for 3,382 stock options. |
| 07/14/2034 | Expiration date for 3,351 stock options. |
| 07/14/2035 | Expiration date for 670 stock options. |
Keywords
SEC Form 4, Insider Transaction, Joseph Doody, Paychex Inc., PAYX, Stock Transfer, Beneficial Ownership, Director, Family Trust, Stock Options
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