Form 4: Paycom CEO Chad Richison Sells Shares Under 10b5-1 Trading Plan

Paycom's CEO, Chad Richison, executed sales of company stock on September 30, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Chad Richison, CEO, President, and Chairman of Paycom Software, Inc., sold shares of common stock on September 30, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 16, 2024.
• A total of 1,950 shares were sold in multiple transactions at weighted average prices of $165.95 and $166.98.
• The sales were conducted both directly and indirectly through Ernest Group, Inc., where Richison is the sole director.
• Richison also holds beneficial ownership through various irrevocable trusts for his children and grandchildren.
• Following the reported transactions, Richison directly owns 2,795,310 shares and indirectly owns 3,489,649 shares through Ernest Group, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock sales under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment, but the market's reaction to insider sales can vary.

Risks

• The market may react negatively to the CEO selling shares, even under a pre-arranged trading plan.

Industry Context

Insider sales are a common occurrence, especially under 10b5-1 plans, and are often viewed in the context of overall market conditions and company performance.

Stakeholder Impact

• Shareholders may react to the news of the CEO selling shares.

Key Dates