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

Paycom Software's Chief Automation Officer, Rachael Gannon, had 56 shares withheld for tax obligations related to restricted stock vesting.

Summary

• Rachael Gannon, Chief Automation Officer of Paycom Software, Inc. (PAYC), reported a transaction on November 1, 2025.
• 56 shares of Paycom common stock were disposed of at a price of $184.85 per share.
• This disposition was a withholding by the Issuer to cover tax obligations related to the vesting of 125 restricted stock shares granted to Ms. Gannon on October 25, 2022.
• No shares were sold by Ms. Gannon in this transaction.
• Following the transaction, Ms. Gannon directly beneficially owns 11,638 shares of common stock, which includes 9,326 unvested restricted shares.
• Additionally, 10 shares are indirectly beneficially owned by her spouse.

Sentiment

Score: 5

Explanation: This is a routine, non-discretionary transaction for tax withholding upon restricted stock vesting, which is a common occurrence for executives and does not indicate a change in sentiment towards the company or its prospects.

Positives

• The vesting of 125 restricted stock shares indicates the fulfillment of performance or time-based conditions, which is a positive for the reporting person.
• The transaction is a routine tax withholding, not a discretionary sale by the insider, suggesting continued holding of the underlying equity.

Future Outlook

This filing, a Form 4, does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This routine insider transaction, specifically a tax withholding related to restricted stock vesting, is a common occurrence across all industries for executives receiving equity compensation. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine tax withholding and not a discretionary sale or purchase that would signal a change in insider sentiment.
• Employees (specifically Rachael Gannon): Positive impact as it reflects the successful vesting of equity compensation, a component of her overall compensation package.

Key Dates

Recommendation

This Form 4 reports a standard tax withholding event related to restricted stock vesting, not a discretionary sale or purchase. Such routine transactions typically do not provide new material information to alter an investment thesis for Paycom Software, Inc. Investors should continue to hold based on their existing analysis of the company's fundamentals and market position.

Keywords

Paycom, PAYC, Form 4, insider transaction, stock vesting, tax withholding, Rachael Gannon