Form 4: Paychex Inc. Executive Michael E. Gioja Reports Changes in Beneficial Ownership
SEC Form 4
Senior Vice President Michael E. Gioja reports a transfer of Paychex Inc. common stock to a family trust and updates on derivative securities holdings.
Summary
- Michael E. Gioja, a Senior Vice President at Paychex Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On August 29, 2024, Mr. Gioja transferred 6,485 shares of common stock to the Michael E. Gioja Revocable Trust.
- This transfer resulted in Mr. Gioja directly owning 14,515 shares and the trust indirectly owning 9,948 shares.
- The filing also lists Mr. Gioja's holdings of various stock options with exercise prices ranging from $57.24 to $121.63 and expiration dates extending to July 14, 2034.
- These options represent the right to acquire a total of 209,629 shares of Paychex common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock ownership changes, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. These filings are closely watched by investors to gauge management's alignment with shareholder interests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- It offers insight into the compensation structure for Paychex's senior management.
Key Dates
| Date | Description |
|---|---|
| 07/12/2018 | Date exercisable for stock options at $57.24 expiring 07/11/2027 |
| 07/11/2019 | Date exercisable for stock options at $69.54 expiring 07/10/2028 |
| 07/10/2020 | Date exercisable for stock options at $85.46 expiring 07/09/2029 |
| 07/15/2021 | Date exercisable for stock options at $73.53 expiring 07/14/2030 |
| 07/15/2022 | Date exercisable for stock options at $112.67 expiring 07/14/2031 |
| 07/15/2023 | Date exercisable for stock options at $115 expiring 07/14/2032 |
| 07/15/2024 | Date exercisable for stock options at $120.86 expiring 07/14/2033 |
| 07/15/2025 | Date exercisable for stock options at $121.63 expiring 07/14/2034 |
| 08/29/2024 | Date of common stock transfer to the Michael E. Gioja Revocable Trust |
| 08/30/2024 | Date of signature for the report |
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