Form 4: Paycom Software COO Randall Peck Reports Tax Withholding Transaction
SEC Form 4 Filing
Paycom Software's Chief Operating Officer, Randall Peck, reports the withholding of shares to cover tax obligations related to vesting restricted stock awards.
Summary
- Randall Peck, the Chief Operating Officer of Paycom Software, Inc., filed a Form 4 on May 13, 2025, reporting a transaction that occurred on May 10, 2025.
- The transaction involved the withholding of 338 shares of Paycom common stock by the issuer to satisfy tax withholding obligations.
- These obligations arose from the vesting of restricted stock awards granted to Peck on April 30, 2023 (42 shares), December 28, 2023 (625 shares), and February 23, 2024 (97 shares).
- The price per share for the withholding was $258.38.
- Following the transaction, Peck beneficially owns 50,327 shares of Paycom common stock, including 32,913 unvested shares of restricted stock and 11,886 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the vesting of previously granted equity awards and the associated tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| April 30, 2023 | Grant date of 42 shares of restricted stock to Randall Peck. |
| December 28, 2023 | Grant date of 625 shares of restricted stock to Randall Peck. |
| February 23, 2024 | Grant date of 97 shares of restricted stock to Randall Peck. |
| May 10, 2025 | Date of the tax withholding transaction. |
| May 13, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Paycom Software, Randall Peck, Chief Operating Officer, Tax Withholding, Restricted Stock, Beneficial Ownership, PAYC
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