Robert L. Schrader - 15 Jul 2022 Form 4 Insider Report for PAYCHEX INC (PAYX)

Role: VP/Controller
Signature: Stephanie L. Schaeffer, Attorney-in-fact
Issuer symbol: PAYX
Transactions as of: 15 Jul 2022
Net transactions value: +$793,615
Form type: 4
Filing time: 19 Jul 2022, 14:52:54 UTC
Previous filing: 12 Jul 2022
Next filing: 03 Aug 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	$90,045	-783	-8.7%	$115.00	8,199	15 Jul 2022	Direct	F1
transaction	PAYX	Common Stock	Award	$0	+1,217	+15%	$0.000000	9,416	15 Jul 2022	Direct	F2
holding	PAYX	Common Stock						297	15 Jul 2022	401(k)

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	$883,660	+7,684		$115.00	7,684	15 Jul 2022	Common Stock	7,684	$115.00	Direct
holding	PAYX	Stock Option						13,015	15 Jul 2022	Common Stock	13,015	$85.46	Direct
holding	PAYX	Stock Option						16,519	15 Jul 2022	Common Stock	16,519	$73.53	Direct
holding	PAYX	Stock Option						9,102	15 Jul 2022	Common Stock	9,102	$112.67	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.