Form 4: Paychex Director Martin Mucci Reports Stock Transactions
SEC Form 4 Filing
Martin Mucci, a director at Paychex, reported the disposition and acquisition of common stock and stock options on July 15, 2024.
Summary
- On July 15, 2024, Martin Mucci, a director at Paychex, reported transactions involving Paychex common stock and stock options.
- Mucci disposed of 23,221 shares of common stock at a price of $121.63 to satisfy tax withholding obligations.
- He also acquired 896 shares of common stock as part of a restricted stock unit award.
- Additionally, Mucci acquired 3,949 stock options with an exercise price of $121.63, exercisable from July 15, 2025, to July 14, 2034.
- Following these transactions, Mucci directly owns 434,473 shares of common stock and indirectly owns 5,003 shares through a 401(k).
- He also holds various stock options with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Positives
- The acquisition of restricted stock units and stock options suggests continued alignment of the director's interests with the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 07/06/2017 | Date of stock options exercisable until 07/05/2026 |
| 07/12/2018 | Date of stock options exercisable until 07/11/2027 |
| 07/11/2019 | Date of stock options exercisable until 07/10/2028 |
| 07/10/2020 | Date of stock options exercisable until 07/09/2029 |
| 07/15/2021 | Date of stock options exercisable until 07/14/2030 |
| 07/15/2022 | Date of stock options exercisable until 07/14/2031 |
| 10/15/2023 | Date of stock options exercisable until 10/14/2032 |
| 07/15/2024 | Date of stock transactions: disposition of shares, acquisition of restricted stock units, and grant of stock options. |
| 07/15/2025 | Date from which new stock options granted on 07/15/2024 are exercisable. |
| 07/14/2034 | Expiration date of new stock options granted on 07/15/2024. |
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