Form 4: Thomas Golisano Reports Changes in Paychex Inc. Beneficial Ownership

Thomas Golisano, a director and 10% owner of Paychex Inc., reports a change in beneficial ownership of common stock due to a quarterly distribution from an irrevocable trust.

Summary

• Thomas Golisano, a director and 10% owner of Paychex Inc. [PAYX], filed a Form 4 with the SEC on March 5, 2025.
• The report details a transaction that occurred on March 3, 2025, involving common stock.
• 573 shares were disposed of from direct ownership at a price of $148.76.
• Following the transaction, Golisano directly owns 36,942,634 shares of common stock and indirectly owns 42,522 shares through the Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005.
• The transaction is a quarterly distribution from the irrevocable trust for which Mr. Golisano was named trustee on July 22, 2008.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the relatively small number of shares involved compared to the total shares outstanding.

Key Dates