Form 4: Paycor HCM, Inc. Executive Haines Reports Changes in Beneficial Ownership

Sarah Kathryn Haines, Chief Accounting Officer of Paycor HCM, Inc., reports acquisition and disposal of common stock and restricted stock units.

Summary

• On October 1, 2024, Sarah Kathryn Haines, Chief Accounting Officer of Paycor HCM, Inc. (PYCR), reported changes in beneficial ownership.
• Haines disposed of 1,539 shares of common stock at $14.02 per share to satisfy tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).
• Haines also acquired 15,857 shares of common stock through the vesting of RSUs.
• Following these transactions, Haines beneficially owns 47,657 shares of common stock.
• The RSUs vest in installments, with 33% vesting on October 1, 2025, and the remainder vesting quarterly until fully vested on the third anniversary of the grant date.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation, which is neutral in sentiment. The vesting of RSUs is generally a positive sign, but the disposal of shares to cover taxes is a standard procedure.

Positives

• The vesting of RSUs indicates a continued alignment of the executive's interests with the company's performance.

Future Outlook

The remaining RSUs will continue to vest over time, subject to the reporting person's continued service.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.

Comparison to Industry Standards

• Executive compensation packages often include RSUs as a way to incentivize long-term performance and align executive interests with shareholder value, a common practice among publicly traded companies like Paycor HCM, Inc.
• The vesting schedule described is typical for RSU grants, with vesting occurring over a period of several years to encourage continued employment and contribution to the company's success.
• Companies like Workday and ADP also utilize similar equity-based compensation strategies for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates