Form 4: Paychex Senior VP Reports Significant Equity Awards and Option Grants
Insider Transaction Report
Elizabeth Roaldsen, Senior Vice President at Paychex Inc., reported the acquisition of 6,463 restricted stock units and 11,518 stock options, alongside a disposition of 451 shares for tax purposes.
Summary
- Elizabeth Roaldsen, Senior Vice President of Paychex Inc. (PAYX), reported transactions on July 15, 2025.
- Disposed of 451 shares of common stock at a price of $140.68 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units.
- Acquired 4,051 restricted stock units (RSUs) at $0 per share as a performance award under the Amended and Restated 2002 Stock Incentive Plan.
- Acquired an additional 749 restricted stock units (RSUs) at $0 per share under the Amended and Restated 2002 Stock Incentive Plan.
- Acquired another 1,663 restricted stock units (RSUs) at $0 per share under the Amended and Restated 2002 Stock Incentive Plan, totaling 6,463 new RSUs.
- Acquired 11,518 stock options with an exercise price of $140.68 per share, which become exercisable on July 15, 2026, and expire on July 14, 2035.
- Following these transactions, beneficial ownership of common stock increased to 9,835 shares.
- Total beneficial ownership of derivative stock options is 40,092, including the newly acquired options and previously held options.
Sentiment
Score: 7
Explanation: The sentiment is positive due to significant equity awards (restricted stock units and stock options) granted to a senior executive, indicating ongoing compensation and alignment of interests. The disposition of shares was for tax purposes, which is a routine and expected event, not indicative of negative sentiment.
Positives
- Elizabeth Roaldsen received significant awards of 6,463 restricted stock units, indicating ongoing compensation and alignment with company performance.
- An additional 11,518 stock options were granted, providing future potential upside tied to the company's stock performance.
- The increase in beneficial ownership of common stock to 9,835 shares reflects a growing stake in the company for a key executive.
Negatives
- 451 shares of common stock were disposed of to satisfy tax withholding obligations, which is a common but still a reduction in direct shareholding.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The equity awards align the Senior Vice President's interests with shareholders, as her compensation is tied to the company's stock performance. The disposition for tax purposes is a minor, routine event.
- Management: The awards represent a significant component of the Senior Vice President's compensation package.
Key Dates
| Date | Description |
|---|---|
| 2002 | Year of the Amended and Restated 2002 Stock Incentive Plan. |
| 07/15/2024 | Date exercisable for 12,164 stock options with an exercise price of $120.86. |
| 10/15/2024 | Date exercisable for 2,119 stock options with an exercise price of $117.98. |
| 07/15/2025 | Date of reported transactions, including disposition of shares and acquisition of restricted stock units and new stock options. |
| 07/15/2025 | Date exercisable for 14,291 stock options with an exercise price of $121.63. |
| 07/17/2025 | Signature date of the reporting person's attorney-in-fact. |
| 07/15/2026 | Date exercisable for 11,518 newly acquired stock options with an exercise price of $140.68. |
| 07/14/2033 | Expiration date for 12,164 stock options with an exercise price of $120.86. |
| 10/14/2033 | Expiration date for 2,119 stock options with an exercise price of $117.98. |
| 07/14/2034 | Expiration date for 14,291 stock options with an exercise price of $121.63. |
| 07/14/2035 | Expiration date for 11,518 newly acquired stock options with an exercise price of $140.68. |
Keywords
SEC Form 4, Paychex, PAYX, Insider Transaction, Stock Options, Restricted Stock Units, Executive Compensation, Equity Awards, Beneficial Ownership, SEC Filing
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