Form 4: Thomas Golisano Reports Gift of Paychex Shares to Non-Profits
SEC Form 4
Thomas Golisano, a director and 10% owner of Paychex Inc., reported gifting 11,995 shares of common stock to various non-profit organizations on January 31, 2025.
Summary
- On January 31, 2025, Thomas Golisano, a director and 10% owner of Paychex Inc. (PAYX), gifted 11,995 shares of Paychex common stock to various non-profit organizations.
- The transaction was executed at a price of $148.07 per share.
- Following the transaction, Golisano directly owns 36,942,634 shares of Paychex common stock.
- Golisano also indirectly owns 43,095 shares through the Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005.
Sentiment
Score: 5
Explanation: The document describes a gift of shares, which is a neutral event from a financial performance perspective. It doesn't indicate positive or negative sentiment regarding the company's outlook.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The gift of shares may have a minor dilutive effect on existing shareholders, but the impact is likely negligible given the relatively small number of shares involved compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 6/13/2005 | Date of the Cynthia A. Golisano Irrevocable Trust U/A |
| 01/31/2025 | Date of the gift transaction of Paychex shares |
| 02/04/2025 | Date of signature for the SEC filing |
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