Form 4: Paycom Software COO Randall Peck Reports Stock Transaction

Paycom Software's Chief Operating Officer, Randall Peck, sold 29 shares of common stock to cover tax obligations related to a vesting of restricted stock.

Summary

• Randall Peck, the Chief Operating Officer of Paycom Software, Inc., reported a transaction involving the company's common stock.
• On November 28, 2024, Mr. Peck disposed of 29 shares of common stock at a price of $231.92 per share.
• This transaction was to cover tax withholding obligations related to the vesting of a restricted stock award.
• Following the transaction, Mr. Peck beneficially owns 45,827 shares of Paycom stock, which includes both vested and unvested shares.
• The reported holdings include 40,052 unvested shares of restricted stock and 5,243 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive compensation practices.
• Similar filings are regularly made by executives at comparable companies such as Workday, ADP, and Ceridian, when they exercise stock options or sell shares.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Paycom Software, Randall Peck, stock transaction, Form 4, insider trading, restricted stock, tax withholding, beneficial ownership