Form 4: Paycom COO Randall Peck Sells Shares

Paycom Software's Chief Operating Officer, Randall Peck, reported the sale of 2,192 shares of common stock on December 5, 2025, executed under a pre-arranged 10b5-1 plan.

Summary

• Randall Peck, Chief Operating Officer of Paycom Software, Inc. (PAYC), reported the sale of common stock.
• The transactions occurred on December 5, 2025.
• A total of 2,192 shares were sold across three separate transactions.
• The shares were sold at prices of $165.50, $166.50, and $166.52 per share.
• Following these transactions, Mr. Peck beneficially owns 47,202 shares of Paycom common stock.
• These beneficially owned shares include 32,816 unvested restricted stock and 11,886 unvested restricted stock units.
• The transactions were made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.

Sentiment

Score: 6

Explanation: The sale of shares by the Chief Operating Officer is a routine insider transaction, explicitly noted as being conducted under a Rule 10b5-1 plan, which suggests a pre-scheduled personal financial management decision rather than a reaction to new company developments.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on immediate insider information.

Negatives

• Insider selling, even under a 10b5-1 plan, reduces the direct equity stake of a key executive in the company.

Future Outlook

NA

Industry Context

This is a routine insider transaction for a publicly traded company, common among executives for personal financial planning, often executed through 10b5-1 plans to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders: A minor reduction in direct executive ownership, but mitigated by the 10b5-1 plan.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-planned insider stock sale by a key executive. Such transactions, especially when conducted under a 10b5-1 plan, are generally not indicative of significant changes in company fundamentals or future prospects. Therefore, it does not provide a basis for a change in investment recommendation, and a 'hold' stance is appropriate based solely on this filing.

Keywords

Paycom Software, PAYC, Randall Peck, Chief Operating Officer, COO, insider trading, stock sale, Form 4, 10b5-1 plan, common stock