Form 4: Paycom Software Executive Bradley Scott Smith Reports Stock Transactions
SEC Form 4 Filing
Chief Information Officer Bradley Scott Smith reports acquisition and disposal of Paycom Software stock related to vesting of restricted stock units and tax obligations.
Summary
- Bradley Scott Smith, Chief Information Officer of Paycom Software, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 10, 2025, Smith acquired 4,522 shares of common stock upon the vesting of performance-based restricted stock units.
- Simultaneously, 1,995 shares were withheld by Paycom to cover tax obligations related to the vesting.
- On February 11, 2025, Smith disposed of 2,527 shares and acquired 2,527 shares through the Bradley Scott Smith Revocable Trust.
- Following these transactions, Smith directly owns 30,307 shares and indirectly owns 31,733 shares through the trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| October 30, 2017 | Date of the Bradley Scott Smith Revocable Trust |
| March 1, 2024 | Date of grant for the performance-based restricted stock units under the Paycom Software, Inc. 2023 Long-Term Incentive Plan |
| February 10, 2025 | Acquisition of 4,522 shares upon vesting of restricted stock units and withholding of 1,995 shares for tax obligations |
| February 11, 2025 | Disposal and acquisition of 2,527 shares through the Bradley Scott Smith Revocable Trust |
| February 12, 2025 | Date of signature for the Form 4 filing |
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