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

Paycom's CEO, Chad Richison, executed sales of company stock on August 20, 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 August 20, 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 $157.89 and $158.42.
• Following the reported transactions, Richison directly owns 2,967,158 shares.
• Richison also has indirect ownership through Ernest Group, Inc. and several irrevocable trusts for his children and grandchildren.
• The reporting person may be deemed to beneficially own the shares of common stock owned by Ernest Group.
• The reporting person may be deemed to beneficially own the shares of common stock owned by the Faye Penelope Richison 2023 Irrevocable Trust.
• The reporting person may be deemed to beneficially own the shares of common stock owned by the Rome West Pedersen 2023 Irrevocable Trust.
• The reporting person may be deemed to beneficially own the shares of common stock owned by the Lane West Richison 2022 Irrevocable Trust.
• The reporting person may be deemed to beneficially own the shares of common stock owned by the Kase Gabriel Richison 2022 Irrevocable Trust.
• The reporting person may be deemed to beneficially own the shares of common stock owned by the Sage Elizabeth Richison 2022 Irrevocable Trust.
• The reporting person may be deemed to beneficially own the shares of common stock owned by the Charles Banks Pedersen 2022 Irrevocable Trust.
• The reporting person may be deemed to beneficially own the shares of common stock owned by the Ava L. Richison 2012 Irrevocable Trust.
• The reporting person may be deemed to beneficially own the shares of common stock owned by the Ian D. Richison 2012 Irrevocable Trust.
• The reporting person may be deemed to beneficially own the shares of common stock owned by the Abrie R. Richison 2012 Irrevocable Trust.
• The reporting person may be deemed to beneficially own the shares of common stock owned by the Charis Michelle Richison Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales under a pre-arranged trading plan, so it doesn't convey strong positive or negative sentiment.

Industry Context

Insider sales are a common occurrence, and the use of 10b5-1 trading plans allows insiders to sell shares over time while avoiding accusations of trading on non-public information. Investors often monitor these filings to gauge insider sentiment.

Key Dates