Form 4: Paycom CEO Chad Richison Sells Shares Worth Millions

Paycom's CEO, Chad Richison, executed multiple sales of company stock on May 8, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Chad Richison, CEO, President, and Chairman of Paycom Software, Inc., sold shares of common stock on May 8, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted by Ernest Group, Inc. on December 12, 2024.
• The transactions involved multiple sales at varying prices, ranging from $235.00 to $250.82 per share.
• A total of 132,790 shares were sold directly by Richison.
• Richison also indirectly owns shares through Ernest Group, Inc., and several irrevocable trusts for his children and grandchildren.
• Following the reported transactions, Richison directly owns 2,673,358 shares and indirectly owns 3,337,249 shares through Ernest Group, Inc.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports insider trading activity under a pre-existing plan, with no explicit positive or negative implications for the company's performance.

Risks

• Large sales by insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Future Outlook

The sales were conducted under a pre-arranged trading plan, suggesting ongoing, systematic sales may continue.

Industry Context

Insider sales are a common occurrence, but the size and frequency are often scrutinized by investors for signals about the company's prospects.

Stakeholder Impact

• Shareholders may react to the news of insider sales, potentially influencing the stock price.

Key Dates

Keywords

Paycom, Chad Richison, insider trading, stock sale, Rule 10b5-1, Ernest Group, beneficial ownership, PAYC