Form 4: Paycom's COO, Randall Peck, Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Paycom's Chief Operating Officer, Randall Peck, disposed of 2,882 shares of common stock to cover tax obligations related to vesting restricted stock awards.
Summary
- On February 5, 2025, Randall Peck, the Chief Operating Officer of Paycom Software, Inc., disposed of 2,882 shares of common stock.
- The disposal was executed to satisfy tax withholding obligations related to the vesting of restricted stock awards.
- The shares were withheld by Paycom at a price of $206.14 per share.
- Following the transaction, Peck directly owns 42,945 shares of Paycom, which includes 33,677 unvested shares of restricted stock and 3,496 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is a standard practice for covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| May 30, 2024 | Date of grant for 6,375 shares of restricted stock and 1,747 restricted stock units. |
| February 05, 2025 | Date of transaction where shares were disposed of to cover tax obligations. |
| February 07, 2025 | Date of signature for the Form 4 filing. |
Keywords
Paycom, Randall Peck, Form 4, Share Disposal, Tax Obligations, Restricted Stock, COO, PAYC
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