Form 4: Paychex SVP Michael Gioja Executes Stock Options and Sells Shares
SEC Form 4
Paychex Senior Vice President Michael E. Gioja exercised stock options and sold shares of common stock on October 9, 2024.
Summary
- Michael E. Gioja, a Senior Vice President at Paychex Inc., executed stock options to acquire 26,428 shares of common stock at a price of $57.24 on October 9, 2024.
- On the same day, Gioja sold 26,428 shares of Paychex common stock at $139.03 per share.
- Following these transactions, Gioja directly owns 14,515 shares of Paychex common stock.
- Gioja also indirectly owns 9,948 shares through the Michael E. Gioja Revocable Trust.
- Gioja also holds options to purchase 188,070 additional shares at prices ranging from $69.54 to $121.63.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common among publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 07/12/2018 | Date exercisable for some stock options |
| 07/11/2019 | Date exercisable for some stock options |
| 07/10/2020 | Date exercisable for some stock options |
| 07/15/2021 | Date exercisable for some stock options |
| 07/15/2022 | Date exercisable for some stock options |
| 07/15/2023 | Date exercisable for some stock options |
| 07/15/2024 | Date exercisable for some stock options |
| 07/15/2025 | Date exercisable for some stock options |
| 10/09/2024 | Date of stock option exercise and sale of shares |
| 10/10/2024 | Date of signature for the report |
| 07/11/2027 | Expiration date for some stock options |
| 07/10/2028 | Expiration date for some stock options |
| 07/09/2029 | Expiration date for some stock options |
| 07/14/2030 | Expiration date for some stock options |
| 07/14/2031 | Expiration date for some stock options |
| 07/14/2032 | Expiration date for some stock options |
| 07/14/2033 | Expiration date for some stock options |
| 07/14/2034 | Expiration date for some stock options |
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