Form 4: Thomas Golisano Reports Gift of Paychex Shares to Non-Profits
SEC Form 4 Filing
Director and 10% owner Thomas Golisano reports gifting 7,143 Paychex shares to various non-profit organizations.
Summary
- Thomas Golisano, a director and 10% owner of Paychex Inc., filed a Form 4 with the SEC.
- The filing reports a gift of 7,143 shares of Paychex common stock to various non-profit organizations on October 17, 2024.
- The transaction was executed at a price of $141.38 per share.
- Following the transaction, Golisano directly owns 37,501,709 shares of Paychex common stock.
- 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 reporting a gift of shares. 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. Gifts to non-profits are not uncommon.
Stakeholder Impact
- The gift of shares has a negligible impact on shareholders.
- The non-profit organizations benefit from the donation.
Key Dates
| Date | Description |
|---|---|
| 6/13/2005 | Date of the Cynthia A. Golisano Irrevocable Trust U/A |
| 10/17/2024 | Date of the share gift transaction |
| 10/18/2024 | Date of signature on the Form 4 filing |
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