Alice Geene - Oct 1, 2023 Form 4 Insider Report for PAYCOR HCM, INC. (PYCR)

Role
Chief Legal Officer and Secretary
Signature
/s/ Alice Geene
Stock symbol
PYCR
Transactions as of
Oct 1, 2023
Transactions value $
-$112,917
Form type
4
Date filed
10/3/2023, 07:36 PM
Previous filing
Jul 25, 2023
Next filing
Oct 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYCR Common Stock Award $0 +65.7K +120.5% $0.00 120K Oct 1, 2023 Direct F1
transaction PYCR Common Stock Tax liability -$113K -4.95K -4.11% $22.83 115K Oct 1, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PYCR Stock Option (Right to Buy) Award $0 +46.1K $0.00 46.1K Oct 1, 2023 Common Stock 46.1K $22.83 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of Restricted Stock Units ("RSUs"), 33% of which shall vest on October 1, 2024, with the remainder vesting in 8 quarterly installments thereafter, with the RSUs fully vesting on the third anniversary of the grant date. Each RSU represents the right to receive one share of Common Stock, subject to the reporting person's continued service through the applicable vesting date.
F2 Represents shares withheld to satisfy tax withholding obligations upon vesting of RSUs.
F3 33% of the stock options vest and become exercisable on October 1, 2024, with the remainder vesting in 24 monthly installments thereafter, with the stock options fully vesting on the third anniversary of the grant date, subject in each case to the reporting person's continued service though the applicable vesting date.

Remarks:

Chief Legal Officer and Secretary