Form 4: Paycom COO's Tax Withholding on Vesting Shares

Paycom Software's COO, Randall Peck, had 3,697 shares withheld to cover tax obligations related to the vesting of restricted stock and units.

Summary

• Randall Peck, Chief Operating Officer of Paycom Software, Inc. (PAYC), reported a transaction involving the withholding of 3,697 shares of common stock.
• The transaction occurred on February 5, 2026, at a price of $131.59 per share.
• These shares were withheld by Paycom to satisfy tax withholding obligations in connection with the vesting of previously granted equity awards.
• The withholding covered the vesting of 6,375 restricted shares and 1,748 restricted stock units granted on May 30, 2024, and 2,796 restricted stock units granted on February 21, 2025.
• No shares were sold by Mr. Peck in this transaction; the shares were withheld by the issuer for tax purposes.
• Following this reported transaction, Mr. Peck beneficially owns 43,505 shares of common stock.
• The total beneficial ownership includes 26,441 unvested shares of restricted stock and 7,342 unvested restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine administrative transaction related to executive compensation and does not indicate any change in the company's operational performance or strategic direction.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings upon equity award vesting, are common occurrences in publicly traded companies, especially in the technology and software sectors where equity compensation is a significant component of executive pay. This type of transaction is generally considered routine and does not typically reflect a change in management's confidence in the company's prospects.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a discretionary sale by the insider.
• Employees: No direct impact beyond the reporting person, but it reflects standard equity compensation practices.

Key Dates

Keywords

Paycom Software, PAYC, Randall Peck, Chief Operating Officer, Form 4, Insider Transaction, Restricted Stock, Restricted Stock Units, Tax Withholding, Equity Compensation