John B. Gibson - 15 Jul 2021 Form 4 Insider Report for PAYCHEX INC (PAYX)

Role: Sr. VP, Service
Signature: Stephanie L. Schaeffer, Attorney-in-fact
Issuer symbol: PAYX
Transactions as of: 15 Jul 2021
Net transactions value: +$2,772,358
Form type: 4
Filing time: 19 Jul 2021, 16:01:53 UTC
Previous filing: 12 Jul 2021
Next filing: 12 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAYX	Common Stock	Award	$0	+5,741	+14%	$0.000000	45,567	15 Jul 2021	Direct	F1
transaction	PAYX	Common Stock	Award	$0	+7,793	+17%	$0.000000	53,360	15 Jul 2021	Direct	F2
transaction	PAYX	Common Stock	Sale	$218,692	-1,941	-3.6%	$112.67	51,419	15 Jul 2021	Direct	F3

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	PAYX	Stock Option	Award	$2,991,050	+26,547		$112.67	26,547	15 Jul 2021	Common Stock	26,547	$112.67	Direct
holding	PAYX	Stock Option						31,653	15 Jul 2021	Common Stock	31,653	$69.54	Direct
holding	PAYX	Stock Option						34,165	15 Jul 2021	Common Stock	34,165	$85.46	Direct
holding	PAYX	Stock Option						39,823	15 Jul 2021	Common Stock	39,823	$73.53	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Award of restricted stock, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.
F2	Award of restricted stock, subject to vesting, pursuant to the performance award under the Amended and Restated 2002 Stock Incentive Plan.
F3	Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock.