Form 4: Paychex Executive Christopher C. Simmons Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Christopher C. Simmons, VP, Controller & Treasurer of Paychex Inc., reported disposing of 38 shares of common stock on October 15, 2024, to cover tax withholding obligations.
Summary
- On October 15, 2024, Christopher C. Simmons, VP, Controller & Treasurer of Paychex Inc., disposed of 38 shares of common stock.
- The transaction was executed at a price of $142.3 per share.
- The disposal was to satisfy tax withholding obligations related to the lapse of restrictions on restricted stock units.
- Following the transaction, Simmons directly owns 5,177 shares of Paychex common stock.
- Simmons also holds stock options for thousands of shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies like Paychex.
Key Dates
| Date | Description |
|---|---|
| 07/15/2023 | Date stock options exercisable for 4,391 shares at $115. |
| 07/14/2032 | Expiration date for stock options exercisable for 4,391 shares at $115. |
| 07/15/2024 | Date stock options exercisable for 4,589 shares at $120.86. |
| 07/14/2033 | Expiration date for stock options exercisable for 4,589 shares at $120.86. |
| 10/15/2024 | Date of stock disposal and date stock options exercisable for 1,960 shares at $117.98. |
| 10/14/2033 | Expiration date for stock options exercisable for 1,960 shares at $117.98. |
| 07/15/2025 | Date stock options exercisable for 7,145 shares at $121.63. |
| 07/14/2034 | Expiration date for stock options exercisable for 7,145 shares at $121.63. |
| 10/17/2024 | Date of signature by Attorney-in-fact. |
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