Paycom (NYSE: PAYC) COO sells 2,500 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paycom Software, Inc. Chief Operating Officer Randall Peck reported an open-market sale of 2,500 shares of common stock at $140.50 per share. Following the sale, he directly holds 55,355 shares, which the disclosure notes include 17,318 unvested restricted stock units and 25,677 unvested shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,500 shares ($351,250)
Net Sell
1 txn
Insider
Peck Randall
Role
Chief Operating Officer
Sold
2,500 shs ($351K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,500 | $140.50 | $351K |
Holdings After Transaction:
Common Stock — 55,355 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,500 shares
Sale price: $140.50 per share
Shares held after sale: 55,355 shares
+2 more
5 metrics
Shares sold
2,500 shares
Open-market sale of common stock
Sale price
$140.50 per share
Execution price for the 2,500-share sale
Shares held after sale
55,355 shares
Direct holdings following the transaction
Unvested RSUs
17,318 units
Unvested restricted stock units included in holdings
Unvested restricted stock
25,677 shares
Unvested restricted stock included in holdings
Key Terms
open-market sale, restricted stock units, restricted stock, Form 4
4 terms
open-market sale financial
"transaction_action: "open-market sale" for 2,500 common shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock units financial
"Includes 17,318 unvested restricted stock units and 25,677 unvested shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
restricted stock financial
"Includes 17,318 unvested restricted stock units and 25,677 unvested shares of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) reporting the transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Paycom (PAYC) report for Randall Peck?
Paycom reported that Chief Operating Officer Randall Peck executed an open-market sale of 2,500 shares of common stock at $140.50 per share. This Form 4 filing reflects a routine disposition, documenting the change in his direct equity position in the company.
What type of transaction is reported in this Paycom (PAYC) Form 4?
The Form 4 lists an open-market sale of common stock coded as “S,” indicating a sale in the open market or a private transaction. It involves non-derivative common shares, not options or other derivative securities, and adjusts Randall Peck’s direct share ownership.
What unvested equity awards does Randall Peck have at Paycom (PAYC)?
The filing notes that Randall Peck’s reported holdings include 17,318 unvested restricted stock units and 25,677 unvested restricted stock shares. These unvested awards are part of his total 55,355 directly held shares and typically vest over time under company compensation plans.