Form 4: Paycom CFO Craig E. Boelte Reports Stock Transactions
SEC Form 4 Filing
Paycom's Chief Financial Officer, Craig E. Boelte, reports acquisition and disposal of company stock related to vesting of performance-based restricted stock units and tax obligations.
Summary
- Craig E. Boelte, the CFO of Paycom Software, Inc., reported transactions involving Paycom's common stock on February 10, 2025.
- He acquired 7,236 shares upon the vesting of performance-based restricted stock units granted on March 1, 2024, under the company's 2023 Long-Term Incentive Plan.
- The CFO also disposed of 3,192 shares to satisfy tax withholding obligations related to the vesting of these restricted stock units; no shares were sold in this transaction.
- Following these transactions, Boelte beneficially owns 292,806 shares of Paycom common stock, including 5,929 unvested restricted stock units and 26,000 unvested shares of restricted stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's confidence in the company's prospects.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as an indicator of management's view of the company's value.
Key Dates
| Date | Description |
|---|---|
| March 1, 2024 | Date of grant for performance-based restricted stock units under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. |
| February 10, 2025 | Date of stock acquisition and disposal by Craig E. Boelte. |
| February 12, 2025 | Date of signature for the SEC Form 4 filing. |
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