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

Showing 1 to 6 of 6 entries

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.