John B. Gibson - 15 Jul 2022 Form 4 Insider Report for PAYCHEX INC (PAYX)

Role: President and COO
Signature: Stephanie L. Schaeffer, Attorney-in-fact
Issuer symbol: PAYX
Transactions as of: 15 Jul 2022
Net transactions value: +$2,197,880
Form type: 4
Filing time: 19 Jul 2022, 14:46:58 UTC
Previous filing: 12 Jul 2022
Next filing: 18 Oct 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	Sale	$326,830	-2,842	-5.8%	$115.00	45,845	15 Jul 2022	Direct	F1
transaction	PAYX	Common Stock	Award	$0	+3,478	+7.6%	$0.000000	49,323	15 Jul 2022	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	PAYX	Stock Option	Award	$2,524,710	+21,954		$115.00	21,954	15 Jul 2022	Common Stock	21,954	$115.00	Direct
holding	PAYX	Stock Option						34,165	15 Jul 2022	Common Stock	34,165	$85.46	Direct
holding	PAYX	Stock Option						31,653	15 Jul 2022	Common Stock	31,653	$69.54	Direct
holding	PAYX	Stock Option						39,823	15 Jul 2022	Common Stock	39,823	$73.53	Direct
holding	PAYX	Stock Option						26,547	15 Jul 2022	Common Stock	26,547	$112.67	Direct
holding	PAYX	Stock Option						2,972	15 Jul 2022	Common Stock	2,972	$125.00	Direct

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

Explanation of Responses:

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