Form 4: Thomas Golisano Reports Gift of Paychex Shares to Non-Profits
SEC Form 4 Filing
Thomas Golisano, a director and 10% owner of Paychex Inc., reported gifting shares of common stock to various non-profit organizations.
Summary
- On October 21, 2024, Thomas Golisano gifted 28,585 shares of Paychex common stock at a price of $141.13 per share.
- On October 22, 2024, Golisano gifted an additional 13,400 shares at $140.6 per share.
- Following these transactions, Golisano directly owns 37,459,724 shares of Paychex.
- Golisano also indirectly owns 43,675 shares through the Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a gift of shares, which is neither inherently positive nor negative from a financial perspective.
Positives
- Philanthropic activity may improve public perception of Golisano and Paychex.
Industry Context
Insider transactions are routinely monitored by investors as they can provide signals about a company's prospects, although gifts are generally not interpreted as a strong signal.
Stakeholder Impact
- The gifts reduce Golisano's direct ownership stake slightly.
- The non-profit organizations benefit from the donation of shares.
Key Dates
| Date | Description |
|---|---|
| 06/13/2005 | Date of Cynthia A. Golisano Irrevocable Trust U/A |
| 10/21/2024 | Gift of 28,585 shares of Paychex common stock |
| 10/22/2024 | Gift of 13,400 shares of Paychex common stock |
| 10/23/2024 | Date of signature by Prabha S. Bhandari, Attorney-in-fact |
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