Form 4: Paychex SVP Sells Shares for Tax Obligations
Insider Transaction Report
Paychex Senior Vice President Adam Brooks sold 8,902 shares of common stock at $124.01 per share to cover tax withholding obligations related to restricted stock.
Summary
- Adam Brooks, Sr. Vice President, Paycor at Paychex Inc. (PAYX), reported a transaction on October 1, 2025.
- The transaction involved the disposition of 8,902 shares of common stock.
- The shares were sold at a price of $124.01 per share.
- This disposition was made to satisfy tax withholding obligations arising from the lapse of restrictions applicable to restricted stock/restricted stock units.
- Following this transaction, Adam Brooks directly beneficially owns 59,603 shares of common stock.
- Brooks also directly beneficially owns 14,767 stock options with an exercise price of $140.68, which become exercisable on July 15, 2026, and expire on July 14, 2035.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a common occurrence and does not inherently indicate a positive or negative outlook for the company or its stock performance.
Positives
- The disposition of shares for tax withholding indicates the vesting of restricted stock or restricted stock units, which represents a successful achievement of performance or tenure conditions by the executive.
Negatives
- No direct negatives for the company are indicated by this routine tax-related transaction.
Risks
- No specific company risks are disclosed in this Form 4 filing.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This insider transaction is a routine disclosure and does not provide specific insights into broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Provides transparency regarding executive stock ownership and transactions, which is standard for public companies.
- Employees: The vesting of restricted stock indicates the executive met certain performance or tenure criteria.
Key Dates
| Date | Description |
|---|---|
| 10/01/2025 | Date of common stock disposition transaction |
| 10/03/2025 | Date the Form 4 was signed by the reporting person's attorney-in-fact |
| 07/15/2026 | Date stock options become exercisable |
| 07/14/2035 | Expiration date of stock options |
Keywords
PAYX, Paychex, insider transaction, Form 4, stock sale, executive compensation, restricted stock, tax withholding
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