Form 4: Paycom CFO Craig E. Boelte Reports Tax-Related Stock Withholding
SEC Form 4 Filing
Craig E. Boelte, CFO of Paycom Software, Inc., reports the withholding of 3,937 shares of common stock to cover tax obligations related to vesting restricted stock and restricted stock units.
Summary
- On February 5, 2025, Craig E. Boelte, the Chief Financial Officer of Paycom Software, Inc. (PAYC), reported a transaction involving the withholding of 3,937 shares of common stock by the issuer.
- The withholding was to satisfy tax obligations related to the vesting of restricted stock and restricted stock units granted on May 2, 2023, and March 1, 2024.
- The price per share for the transaction was $206.14.
- Following the transaction, Boelte beneficially owns 288,762 shares of Paycom Software, Inc., which includes 5,929 unvested restricted stock units and 26,000 unvested shares of restricted stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions, and it doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares due to the withholding, but it is unlikely to significantly affect shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/02/2023 | Grant date of 7,000 shares of restricted stock and 1,104 restricted stock units. |
| 03/01/2024 | Grant date of 2,412 restricted stock units. |
| 02/05/2025 | Date of transaction: withholding of shares for tax obligations. |
| 02/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Craig E. Boelte, Paycom Software Inc., PAYC, CFO, Stock Withholding, Tax Obligations, Restricted Stock Units, Restricted Stock, Vesting
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