Alice L. Geene - 01 Oct 2023 Form 4 Insider Report for PAYCOR HCM, INC. (PYCR)

Role
Chief Legal Officer and Secretary
Signature
/s/ Alice Geene
Issuer symbol
PYCR
Transactions as of
01 Oct 2023
Net transactions value
-$112,917
Form type
4
Filing time
03 Oct 2023, 19:36:41 UTC
Previous filing
25 Jul 2023
Next filing
25 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYCR Common Stock Award $0 +65,704 +121% $0.000000 120,228 01 Oct 2023 Direct F1
transaction PYCR Common Stock Tax liability $112,917 -4,946 -4.1% $22.83 115,282 01 Oct 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 +46,092 $0.000000 46,092 01 Oct 2023 Common Stock 46,092 $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