Form 4: Paychex Director Transfers Shares to Family Trust
SEC Form 4
Director Joseph Doody transferred 765 shares of Paychex Inc. common stock to the Joseph G. Doody Revocable Living Trust on July 17, 2024.
Summary
- On July 17, 2024, Joseph Doody, a director of Paychex Inc., transferred 765 shares of common stock to the Joseph G. Doody Revocable Living Trust.
- The transaction was executed at a price of $0.
- Following the transaction, Mr. Doody directly owns 761 shares of Paychex Inc. common stock.
- The Joseph G. Doody Revocable Living Trust indirectly owns 22,997 shares of Paychex Inc. common stock.
- Mr. Doody also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transfer of shares. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend within the payroll and HR solutions industry. Insider transactions are a normal part of corporate governance.
Key Dates
| Date | Description |
|---|---|
| 07/12/2019 | Date exercisable for stock options with an exercise price of $70.37 and an expiration date of 07/11/2028. |
| 07/11/2020 | Date exercisable for stock options with an exercise price of $85.33 and an expiration date of 07/10/2029. |
| 07/15/2021 | Date exercisable for stock options with an exercise price of $73.53 and an expiration date of 07/14/2030. |
| 07/15/2022 | Date exercisable for stock options with an exercise price of $112.67 and an expiration date of 07/14/2031. |
| 07/15/2023 | Date exercisable for stock options with an exercise price of $115 and an expiration date of 07/14/2032. |
| 07/15/2024 | Date exercisable for stock options with an exercise price of $120.86 and an expiration date of 07/14/2033. |
| 07/17/2024 | Date of the share transfer to the Joseph G. Doody Revocable Living Trust. |
| 07/18/2024 | Date of signature by Stephanie L. Schaeffer, Attorney-in-fact. |
| 07/14/2025 | Date exercisable for stock options with an exercise price of $121.63 and an expiration date of 07/15/2034. |
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