Form 4: Paycom Executive Jason D. Clark Reports Stock Transactions
SEC Form 4 Filing
Paycom's Chief Administrative Officer, Jason D. Clark, reports acquisition and disposal of company stock related to vesting of performance-based restricted stock units.
Summary
- Jason D. Clark, Chief Administrative Officer of Paycom Software, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 10, 2025, Clark acquired 2,714 shares of common stock upon the vesting of performance-based restricted stock units granted on March 1, 2024, under the company's 2023 Long-Term Incentive Plan.
- Also on February 10, 2025, 1,197 shares were withheld by Paycom to satisfy tax obligations related to the vesting of these restricted stock units at a price of $204.76.
- Following these transactions, Clark beneficially owns 42,101 shares of Paycom, including 1,810 unvested restricted stock units and 26,000 unvested shares of restricted stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Paycom.
Key Dates
| Date | Description |
|---|---|
| March 1, 2024 | Date of grant of performance-based restricted stock units to Jason D. Clark under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. |
| February 10, 2025 | Date of stock acquisition and tax withholding related to vesting of restricted stock units. |
| February 12, 2025 | Date of signature of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.