Form 4: Paychex SVP Michael E. Gioja Reports Transfer of Shares to Family Trust
SEC Form 4 Filing
Senior Vice President Michael E. Gioja reported the transfer of 3,463 Paychex shares to a family trust in a recent SEC filing.
Summary
- Michael E. Gioja, a Senior Vice President at Paychex Inc., filed a Form 4 with the SEC.
- The filing reports a transaction on May 29, 2024, where 3,463 shares of Paychex common stock were transferred to the Michael E. Gioja Revocable Trust.
- The shares were transferred at a price of $0.
- Following the transaction, Gioja directly owns 15,731 shares and the family trust owns 3,463 shares.
- Gioja also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine transaction. 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 reflect a change in the company's outlook or performance. It is common for executives to manage their holdings for personal financial planning purposes.
Related Party Transactions
- The transfer of shares to the Michael E. Gioja Revocable Trust is a related party transaction.
Stakeholder Impact
- This transaction is unlikely to have a significant impact on stakeholders.
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 |
| 05/29/2024 | Date of stock transfer to family trust |
| 05/31/2024 | Date of signature on the report |
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