Form 4: Paycom's Chief Information Officer, Bradley Scott Smith, Reports Stock Transactions
SEC Form 4 Filing
Paycom's Chief Information Officer, Bradley Scott Smith, reports the withholding of shares for tax obligations and a correction in the allocation of shares between direct ownership and a revocable trust.
Summary
- On February 5, 2025, Paycom Software, Inc. withheld 3,356 shares of common stock from Chief Information Officer Bradley Scott Smith to cover tax obligations related to vesting restricted stock and restricted stock units.
- The price per share for the tax withholding was $206.14.
- On February 6, 2025, Smith transferred 5,841 shares to the Bradley Scott Smith Revocable Trust and received 5,841 shares from the trust.
- A correction was made to reallocate 8,596 shares from Smith's direct ownership to the Bradley Scott Smith Revocable Trust, without changing the total number of shares beneficially owned.
- Following these transactions, Smith directly owns 30,307 shares and the Bradley Scott Smith Revocable Trust owns 29,206 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Key Dates
| Date | Description |
|---|---|
| October 30, 2017 | Date of the Bradley Scott Smith Revocable Trust |
| May 2, 2023 | Date of grant of 7,000 shares of restricted stock and 690 restricted stock units |
| March 1, 2024 | Date of grant of 1,507 restricted stock units |
| February 5, 2025 | Date of tax withholding transaction |
| February 6, 2025 | Date of stock transfer to/from revocable trust |
| February 7, 2025 | Date of signature on the Form 4 |
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