Form 4: Paycom Software COO Randall Peck Reports Stock Transactions

Randall Peck, Chief Operating Officer of Paycom Software, Inc., reports the acquisition and disposal of company stock related to vesting of performance-based restricted stock units.

Summary

• On February 10, 2025, Randall Peck, the Chief Operating Officer of Paycom Software, Inc., acquired 5,243 shares of common stock due to the vesting of performance-based restricted stock units.
• These units were granted on May 30, 2024, under the company's 2023 Long-Term Incentive Plan.
• Simultaneously, 2,313 shares were withheld by Paycom to cover tax obligations associated with the vesting.
• No shares were sold in this transaction.
• Following these transactions, Peck beneficially owns 45,875 shares, including 33,677 unvested restricted shares and 3,496 unvested restricted stock units.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but the vesting of stock units suggests the achievement of performance goals.

Positives

• The vesting of performance-based restricted stock units suggests that performance goals were met, which is a positive indicator.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The stock transactions have a minor impact on shareholders as they reflect executive compensation and ownership changes.

Key Dates