Form 4: Paychex Director Joseph M. Velli Exercises and Sells Shares
SEC Form 4
Director Joseph M. Velli exercised stock options and sold shares of Paychex Inc. on May 17, 2024.
Summary
- On May 17, 2024, Joseph M. Velli, a director of Paychex Inc., exercised stock options for 10,850 shares at a price of $41.70.
- Velli then sold these 10,850 shares on the same day at a price of $124.28.
- Following these transactions, Velli directly owns 69,855 shares of Paychex Inc.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and expected. It provides transparency into the trading activities of company executives and directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased volume of shares traded.
Key Dates
| Date | Description |
|---|---|
| 07/09/2015 | Date exercisable for 10,850 stock options at $41.7 |
| 07/09/2016 | Date exercisable for 11,489 stock options at $47.43 |
| 07/07/2017 | Date exercisable for 10,220 stock options at $60.59 |
| 07/13/2018 | Date exercisable for 9,615 stock options at $57.2 |
| 07/12/2019 | Date exercisable for 8,641 stock options at $70.37 |
| 07/11/2020 | Date exercisable for 7,929 stock options at $85.33 |
| 07/15/2021 | Date exercisable for 5,793 stock options at $73.53 |
| 07/15/2022 | Date exercisable for 5,075 stock options at $112.67 |
| 07/15/2023 | Date exercisable for 3,027 stock options at $115 |
| 07/15/2024 | Date exercisable for 3,382 stock options at $120.86 |
| 05/17/2024 | Director Joseph M. Velli exercised stock options and sold shares |
| 07/08/2024 | Expiration date for 10,850 stock options at $41.7 |
| 07/08/2025 | Expiration date for 11,489 stock options at $47.43 |
| 07/06/2026 | Expiration date for 10,220 stock options at $60.59 |
| 07/12/2027 | Expiration date for 9,615 stock options at $57.2 |
| 07/11/2028 | Expiration date for 8,641 stock options at $70.37 |
| 07/10/2029 | Expiration date for 7,929 stock options at $85.33 |
| 07/14/2030 | Expiration date for 5,793 stock options at $73.53 |
| 07/14/2031 | Expiration date for 5,075 stock options at $112.67 |
| 07/14/2032 | Expiration date for 3,027 stock options at $115 |
| 07/14/2033 | Expiration date for 3,382 stock options at $120.86 |
| 05/20/2024 | Date of signature for the filing |
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