Form 4: Paychex Director Thomas Golisano Gifts Shares to Non-Profits

Paychex director Thomas Golisano gifted a substantial amount of shares to various non-profit organizations.

Summary

• Thomas Golisano, a director at Paychex Inc., gifted 142,350 shares of common stock on November 12, 2024, at a price of $148.86 per share.
• He also gifted 44,190 shares of common stock on November 13, 2024, at a price of $147.21 per share.
• These transactions reduced his direct holdings to 37,112,034 shares.
• Additionally, he has 43,675 shares held indirectly through the Cynthia A. Golisano Irrevocable Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a share gifting transaction. It does not indicate positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who make transactions in their company's stock. It is not unusual for directors to gift shares to non-profit organizations.

Comparison to Industry Standards

• Form 4 filings are a standard part of regulatory compliance for publicly traded companies in the US.
• The gifting of shares by insiders is not uncommon, and the reporting requirements are consistent across all companies.
• The volume of shares gifted is significant, but not unusual for a large shareholder.

Stakeholder Impact

• The gifting of shares may have a minor impact on the overall share float, but is unlikely to significantly affect shareholders.
• The non-profit organizations receiving the shares are the primary beneficiaries of this transaction.

Key Dates

Keywords

Paychex, Thomas Golisano, share gifting, non-profit, insider transaction, Form 4, beneficial ownership