[Form 3] PAYCOM SOFTWARE, INC. Initial Statement of Beneficial Ownership
Paycom Software, Inc. (PAYC) Form 3 filed by Rachael Gannon reports initial beneficial ownership as an officer. Ms. Gannon directly holds 11,694 shares of common stock, of which 9,451 are unvested restricted shares, and her spouse holds 10 shares. The filing indicates her role as Chief Automation Officer and is an initial Section 16 filing reflecting insider equity ownership.
- Transparency: Timely Section 16 Form 3 filing discloses insider holdings.
- Equity alignment: Officer holds restricted stock, aligning compensation with company performance.
- None.
Insights
TL;DR: Routine initial insider disclosure showing modest equity stake and substantial portion unvested.
The Form 3 is a standard initial insider ownership disclosure. The reporting person is identified as Chief Automation Officer with 11,694 shares beneficially owned, including 9,451 unvested restricted shares. This indicates compensation through equity awards that remain subject to vesting. There are no derivative holdings disclosed and the spouse holds 10 shares. No governance concerns or unusual arrangements are evident from the filing alone.
TL;DR: Straightforward Section 16 filing; ownership size is small relative to typical institutional thresholds.
The disclosure reports direct ownership only and lists no exercisable derivatives, implying limited immediate market impact from insider transactions. The large share of unvested restricted stock means potential future dilution is related to compensation vesting schedules rather than exercised options. The filing does not include purchase or sale transactions, so it does not signal trading activity.