Form 4: Paycom Software COO Randall Peck Reports Share Disposals Under Pre-Arranged 10b5-1 Plan

Paycom Software, Inc.'s Chief Operating Officer, Randall Peck, reported the disposal of 933 shares of common stock through tax withholding and a pre-planned sale, reducing his beneficial ownership to 49,394 shares.

Summary

• Randall Peck, Chief Operating Officer of Paycom Software, Inc. (PAYC), reported changes in his beneficial ownership of company common stock.
• On June 2, 2025, 43 shares of common stock were withheld by the Issuer at a price of $259.54 per share to satisfy tax withholding obligations related to the vesting of 97 restricted stock shares granted on February 23, 2024. No shares were sold in this specific transaction.
• On June 4, 2025, Mr. Peck sold 890 shares of common stock at an average price of $263.215 per share.
• Following these transactions, Mr. Peck's direct beneficial ownership stands at 49,394 shares of common stock, which includes 32,816 unvested shares of restricted stock and 11,886 unvested restricted stock units.
• Both transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 5

Explanation: A Form 4 reporting insider sales, even under a 10b5-1 plan, is generally neutral to slightly negative as it represents a reduction in insider holdings. However, the pre-planned nature mitigates strong negative sentiment, indicating a scheduled financial management decision rather than a reactive sale.

Positives

• Transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled disposition rather than a reactive sale based on immediate market conditions or company performance.

Negatives

• Chief Operating Officer Randall Peck disposed of 890 shares of common stock through a sale.
• An additional 43 shares were withheld for tax obligations related to restricted stock vesting, representing a reduction in direct holdings.

Risks

• NA

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale of shares by a key executive could be interpreted in various ways, though the 10b5-1 plan suggests a pre-scheduled financial management decision rather than a signal about company performance.

Next Steps

• NA

Key Dates

Keywords

Paycom Software, PAYC, Randall Peck, Insider Trading, Form 4, SEC Filing, Stock Sale, Restricted Stock, Tax Withholding, 10b5-1 Plan, Corporate Officer