Form 4: Paycom Software Executive Jason D. Clark Reports Tax Withholding Transaction
SEC Form 4 Filing
Chief Administrative Officer Jason D. Clark reports a transaction involving the withholding of Paycom Software shares to cover tax obligations related to vesting restricted stock.
Summary
- On May 8, 2024, Jason D. Clark, Chief Administrative Officer of Paycom Software, Inc., reported a transaction on SEC Form 4.
- The transaction involved the withholding of 349 shares of Paycom common stock by the Issuer to satisfy tax withholding obligations.
- These obligations arose in connection with the vesting of 756 shares of restricted stock granted on May 1, 2023, and 33 shares of restricted stock granted on May 15, 2023.
- The price per share for the transaction was $172.28.
- Following the transaction, Clark beneficially owns 44,273 shares of Paycom common stock, including 2,714 unvested restricted stock units and 33,000 unvested shares of restricted stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation.
Industry Context
This is a routine SEC filing related to executive compensation and tax obligations, common for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/01/2023 | Date of grant of 756 shares of restricted stock. |
| 05/15/2023 | Date of grant of 33 shares of restricted stock. |
| 05/08/2024 | Date of transaction (tax withholding). |
| 05/10/2024 | Date of signature on the report. |
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