Form 4: Paychex Executive Reports Stock Transactions and Power of Attorney
SEC Form 4 Filing
Mason Argiropoulos, VP and Chief HR Officer of Paychex, reports disposition of shares for tax obligations and shares acquired through the Employee Stock Purchase Plan (ESPP), and grants limited power of attorney for Section 16 reporting.
Summary
- Mason Argiropoulos, VP, Chief HR Officer of Paychex, filed a Form 4 detailing changes in beneficial ownership of Paychex stock.
- On April 15, 2025, Argiropoulos disposed of 79 shares of common stock at $147.62 per share to cover tax withholding obligations related to restricted stock units.
- Argiropoulos also reported shares acquired through the Employee Stock Purchase Plan (ESPP).
- As of March 31, 2025, the ESPP balance was 70 shares.
- Argiropoulos also granted limited power of attorney to Prabha S. Bhandari and Robert L. Schrader for Section 16 reporting obligations, effective August 1, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock. This filing indicates routine transactions related to stock-based compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| August 1, 2024 | Date of execution of the Limited Power of Attorney. |
| March 31, 2025 | ESPP balance as of this date. |
| April 15, 2025 | Date of stock disposition for tax withholding and stock option exercisable date. |
| April 14, 2034 | Expiration date of one stock option. |
| July 14, 2025 | Stock option exercisable date. |
| July 15, 2034 | Expiration date of one stock option. |
| April 16, 2025 | Date of signature by Attorney-in-fact. |
Keywords
Form 4, Paychex, Stock Transaction, Beneficial Ownership, ESPP, Power of Attorney, Section 16
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