[Form 3] PAYCOM SOFTWARE, INC. Initial Statement of Beneficial Ownership
Paycom Software insider Terrell Shane Hadlock reported ownership of 54,507 shares of Paycom common stock (PAYC), filed on Form 3. The filing shows these shares are held directly and include 21,165 unvested restricted shares, indicating recent acquisition of equity compensation. Hadlock is identified as an officer (Chief Client Officer/CTO) and director, and the report covers ownership as of 08/18/2025.
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Insights
TL;DR: Routine insider disclosure of equity holdings by a senior officer and director; supports transparency but is not material on its own.
The Form 3 documents initial beneficial ownership for Terrell Shane Hadlock, combining vested and unvested common stock totaling 54,507 shares, with 21,165 shares subject to vesting. As an officer and director, timely Section 16 reporting is required; this filing fulfills that obligation and provides investors basic ownership context. There is no indication of derivative holdings or large, unusual transfers in the filing.
TL;DR: Disclosure is standard and informational; the share count is modest relative to typical insider stakes and contains unvested compensation.
The report lists only non-derivative common shares held directly and explicitly notes restricted unvested shares (21,165). No options, warrants, or conversions are reported. For investors, this confirms equity alignment of a senior executive but does not present a material change to capitalization or indicate trading activity impacting market valuation.