Efrain Rivera - Jul 14, 2023 Form 4 Insider Report for PAYCHEX INC (PAYX)

Role
Sr. Vice President, CFO
Signature
Stephanie L. Schaeffer, Attorney-in-fact
Stock symbol
PAYX
Transactions as of
Jul 14, 2023
Transactions value $
$967,336
Form type
4
Date filed
7/18/2023, 02:53 PM
Previous filing
Jul 5, 2023
Next filing
Oct 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYX Common Stock Tax liability -$398K -3.29K -4.15% $120.86 76K Jul 14, 2023 Direct F1
transaction PAYX Common Stock Award $0 +3.23K +4.25% $0.00 79.2K Jul 15, 2023 Direct F2
transaction PAYX Common Stock Award $0 +11K +13.83% $0.00 90.2K Jul 15, 2023 Direct F3
transaction PAYX Common Stock Options Exercise $1.19M +16.2K +17.99% $73.53 106K Jul 17, 2023 Direct
transaction PAYX Common Stock Sale -$1.95M -16.2K -15.25% $120.19 90.2K Jul 17, 2023 Direct
transaction PAYX Common Stock Sale -$484K -4.03K -4.46% $120.19 86.1K Jul 17, 2023 Direct

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 Options Exercise $0 -16.2K -100% $0.00* 0 Jul 17, 2023 Common Stock 16.2K $73.53 Direct
transaction PAYX Stock Option Award $2.61M +21.6K $120.86 21.6K Jul 15, 2023 Common Stock 21.6K $120.86 Direct
holding PAYX Stock Option 28.1K Jul 14, 2023 Common Stock 28.1K $112.67 Direct
holding PAYX Stock Option 21.4K Jul 14, 2023 Common Stock 21.4K $115.00 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 units.
F2 Award of restricted stock units, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.
F3 Award of restricted stock units, subject to vesting, pursuant to the performance award under the Amended and Restated 2002 Stock Incentive Plan.