Form 4: Paycom Software Executive Sells Shares
SEC Form 4
Paycom Software's Chief Information Officer, Bradley Scott Smith, sold 2,925 shares of common stock on May 8, 2024.
Summary
- On May 8, 2024, Bradley Scott Smith, the Chief Information Officer of Paycom Software, Inc., sold 2,925 shares of common stock at a price of $172.1542 per share.
- Following the transaction, Smith directly owns 48,100 shares, which includes 5,902 unvested restricted stock units and 33,000 unvested shares of restricted stock.
- Smith also indirectly owns 16,293 shares through the Bradley Scott Smith Revocable Trust, dated October 30, 2017.
Sentiment
Score: 5
Explanation: Neutral. This is a standard disclosure of an insider stock sale, with no inherent positive or negative implications.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sale could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| October 30, 2017 | Date of the Bradley Scott Smith Revocable Trust |
| May 08, 2024 | Date of the stock sale transaction |
| May 09, 2024 | Date of signature on the Form 4 filing |
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