Form 4: Paychex VP, Chief HR Officer Reports Significant Equity Compensation Awards
Insider Transaction Report
Mason Argiropoulos, VP and Chief HR Officer of Paychex Inc., reported the acquisition of restricted stock units and stock options, alongside a disposition of shares for tax withholding.
Summary
- Mason Argiropoulos, VP, Chief HR Officer of Paychex Inc. (PAYX), reported transactions on July 15, 2025.
- Disposed of 193 shares of Common Stock at $140.68 per share to cover tax withholding obligations related to the lapse of restrictions on restricted stock units.
- Acquired 1,599 shares of Common Stock as an award of restricted stock units at $0 per share, subject to vesting pursuant to the Amended and Restated 2002 Stock Incentive Plan.
- Acquired 11,075 stock options at an exercise price of $140.68 per share, which become exercisable from July 15, 2026, and expire on July 14, 2035.
- Beneficially owns 3,502 shares of Common Stock directly following these reported transactions.
- Holds an ESPP balance of 95 shares as of June 30, 2025.
- Maintains existing stock option holdings, including 1,006 options exercisable at $122.45 (expiring April 14, 2034) and 11,909 options exercisable at $121.63 (expiring July 14, 2034).
Sentiment
Score: 6
Explanation: Slightly positive due to the award of new equity compensation (restricted stock units and stock options) to a key executive, aligning their interests with shareholders, despite a routine disposition for tax purposes.
Positives
- Award of 1,599 restricted stock units, indicating ongoing equity compensation and aligning executive interests with shareholder value.
- Grant of 11,075 stock options, providing future potential for value creation based on stock price appreciation and incentivizing long-term performance.
Negatives
- Disposition of 193 shares of Common Stock to satisfy tax withholding obligations, which is a routine reduction in direct share ownership.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The award of restricted stock units and stock options to a key executive aligns management's interests with shareholder value creation, potentially benefiting shareholders if the company's stock price increases.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date 1,006 existing stock options became exercisable. |
| 06/30/2025 | ESPP balance reported as of this date. |
| 07/15/2025 | Date of reported transactions, including disposition of shares, acquisition of restricted stock units, and acquisition of new stock options. Also, date 11,909 existing stock options became exercisable. |
| 07/17/2025 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
| 07/15/2026 | Date 11,075 newly acquired stock options become exercisable. |
| 04/14/2034 | Expiration date for 1,006 existing stock options. |
| 07/14/2034 | Expiration date for 11,909 existing stock options. |
| 07/14/2035 | Expiration date for 11,075 newly acquired stock options. |
Keywords
Paychex, PAYX, SEC Form 4, Insider Trading, Stock Options, Restricted Stock Units, Equity Compensation, Executive Compensation, Mason Argiropoulos, VP Chief HR Officer
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