Form 4: Paycom COO Randall Peck Reports Stock Transactions

Randall Peck, Chief Operating Officer of Paycom Software, Inc., reported transactions involving the withholding of shares for tax obligations and disclosed beneficial ownership details.

Summary

• Randall Peck, Chief Operating Officer of Paycom Software, Inc., filed a Form 4 detailing transactions on May 10, 2026.
• The transactions involved the withholding of 336 shares of common stock by the issuer to cover tax obligations related to the vesting of restricted stock awards.
• These awards were granted on April 30, 2023, December 28, 2023, and February 23, 2024.
• No shares were issued or sold in this specific transaction; they were withheld to satisfy tax liabilities.
• Following these transactions, Peck beneficially owns 57,855 shares of common stock.
• This ownership includes 17,318 unvested restricted stock units and 25,677 unvested shares of restricted stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard administrative transaction for tax withholding related to executive compensation rather than a strategic financial event.

Positives

• The withholding of shares for tax obligations indicates that restricted stock awards are vesting, a positive sign of employee compensation and retention.
• The reporting person continues to hold a significant number of shares (57,855), suggesting continued commitment to the company.

Negatives

• The withholding of shares for tax purposes represents a reduction in the number of shares the reporting person directly holds, although it's a standard procedure.

Future Outlook

No specific forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for corporate insiders and are essential for transparency in the stock market, providing insights into executive compensation and potential stock ownership changes.

Stakeholder Impact

• Shareholders: The filing provides transparency into executive stock ownership and compensation, which can indirectly influence investor confidence.
• Employees: The vesting of restricted stock awards, as indicated by the tax withholding, is a component of employee compensation and incentive programs.

Key Dates

Keywords

Form 4, SEC Filing, Paycom Software, PAYC, Insider Trading, Stock Options, Restricted Stock, Beneficial Ownership, Executive Compensation, Tax Withholding