Form 4: Paychex Director Thomas Golisano Donates 80,580 Shares to Non-Profits

Paychex director Thomas Golisano gifted 80,580 shares of common stock to various non-profit organizations.

Summary

• Thomas Golisano, a director at Paychex Inc., donated 80,580 shares of common stock to various non-profit organizations.
• The transaction occurred on January 10, 2025, with the shares valued at $139.88 each.
• Following the transaction, Golisano directly owns 37,031,419 shares of Paychex common stock.
• He also indirectly owns 43,095 shares through the Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005.

Sentiment

Score: 7

Explanation: The document reflects a positive action by a director, but it is a standard filing and does not have a significant impact on the company's financials or operations.

Positives

• The donation of shares to non-profit organizations is a positive philanthropic action by the director.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who make transactions involving their company's stock. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are a standard practice for all publicly traded companies in the US.
• The transaction is a personal donation by the director and does not reflect on the company's performance or strategy.
• Similar filings are made by directors and officers of other companies when they buy, sell, or gift shares.

Stakeholder Impact

• The donation of shares does not have a direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Paychex, Thomas Golisano, stock donation, non-profit, insider transaction, Form 4, share ownership