Form 4: Paycom Officer Adjusts Holdings

Terrell Shane Hadlock, President/Chief Client Officer at Paycom Software, Inc., reported a transaction involving the withholding of shares for tax obligations.

Summary

• Terrell Shane Hadlock, President/Chief Client Officer of Paycom Software, Inc., reported a transaction on May 10, 2026.
• This transaction involved the withholding of 2,728 shares of common stock to satisfy tax obligations related to the vesting of various restricted stock awards.
• The price per share for this withholding was $138.44.
• Following this transaction, Hadlock beneficially owns 72,729 shares of common stock directly.
• This ownership includes 20,950 unvested restricted stock units and 12,936 unvested shares of restricted stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine tax settlement related to executive compensation rather than a strategic decision or a significant change in beneficial ownership.

Positives

• The transaction reflects the settlement of tax obligations tied to the vesting of restricted stock awards, indicating that previously granted equity compensation is maturing.
• The reporting person continues to hold a significant number of shares (72,729) after the tax withholding, demonstrating continued investment in the company.

Negatives

• The withholding of shares for tax purposes represents a reduction in the reporting person's direct share count compared to what would have been held if no taxes were due.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which details a specific insider transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and stock ownership. This particular filing details a common event related to equity awards and tax settlements.

Stakeholder Impact

• Shareholders: Increased transparency into executive compensation and stock ownership.
• Employees: Indirectly reflects the company's executive compensation structure and the maturation of equity awards.

Key Dates

Keywords

Form 4, SEC Filing, Insider Transaction, Stock Withholding, Tax Obligations, Restricted Stock, Vesting, Beneficial Ownership, Paycom Software, PAYC, Executive Compensation