Form 4: Paycom CFO Sells 1,300 Shares Under 10b5-1 Plan

Paycom Software, Inc.'s Chief Financial Officer, Robert D. Foster, sold 1,300 shares of common stock for $162.66 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Robert D. Foster, Chief Financial Officer of Paycom Software, Inc. (PAYC), disposed of 1,300 shares of common stock.
• The transaction occurred on December 10, 2025, at a price of $162.66 per share.
• The sale was executed under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction.
• Following the sale, Foster directly beneficially owns 14,747 shares, which includes 9,589 unvested restricted stock units and 3,750 unvested shares of restricted stock.
• An additional 26 shares are indirectly beneficially owned by his spouse.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a routine insider sale under a pre-arranged 10b5-1 plan, which typically carries less negative sentiment than an unannounced, discretionary sale. It does not indicate a change in company fundamentals.

Positives

• The sale was executed under a Rule 10b5-1 plan, which suggests the transaction was pre-scheduled and not based on new material non-public information.

Negatives

• The Chief Financial Officer sold a portion of his holdings, which some investors might interpret as a potential lack of confidence, although this is mitigated by the 10b5-1 plan.

Future Outlook

No specific future outlook or guidance is provided in this insider transaction report.

Industry Context

This insider transaction is a routine disclosure and does not inherently reflect broader industry trends or competitive dynamics within the human capital management software sector. Its significance is primarily related to the individual executive's holdings.

Stakeholder Impact

• Shareholders: May note the sale, but the 10b5-1 plan mitigates concerns about the executive's confidence in the company. The impact on share price is likely minimal given the routine nature and volume.

Key Dates

Recommendation

The sale by the Chief Financial Officer was conducted under a pre-arranged Rule 10b5-1 trading plan, which suggests it was not based on new material non-public information. While insider sales can sometimes be viewed negatively, the planned nature of this transaction makes it a routine event that does not significantly alter the investment thesis for Paycom Software, Inc. Therefore, a 'hold' recommendation is appropriate, maintaining current positions while monitoring future developments.

Keywords

Paycom Software, PAYC, Insider Sale, Form 4, Robert D. Foster, CFO, Stock Transaction, 10b5-1 Plan, Equity Sales