Restricted stock grant lifts Paycom (NYSE: PAYC) director holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BINZ JOSEPH LEO reported acquisition or exercise transactions in this Form 4 filing.
Paycom Software, Inc. director Joseph Leo Binz received a grant of 1,890 shares of restricted stock on May 4, 2026 under the company’s 2023 Long-Term Incentive Plan. Following this award, he directly holds 7,836 common shares, including 2,989 unvested restricted shares as part of his equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BINZ JOSEPH LEO
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,890 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,836 shares (Direct, null)
Footnotes (1)
- Represents shares of restricted stock granted to the reporting person under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. Includes 2,989 unvested shares of restricted stock.
Key Figures
Restricted stock grant: 1,890 shares
Total direct holdings after grant: 7,836 shares
Unvested restricted shares: 2,989 shares
+1 more
4 metrics
Restricted stock grant
1,890 shares
Grant to director Joseph Leo Binz on May 4, 2026
Total direct holdings after grant
7,836 shares
Common stock held directly by Joseph Leo Binz after transaction
Unvested restricted shares
2,989 shares
Portion of Binz’s holdings that remain unvested restricted stock
Grant price per share
$0.00 per share
Reported price for the restricted stock award
Key Terms
restricted stock, 2023 Long-Term Incentive Plan, unvested shares, grant, award, or other acquisition
4 terms
restricted stock financial
"Represents shares of restricted stock granted to the reporting person"
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.
2023 Long-Term Incentive Plan financial
"granted to the reporting person under the Paycom Software, Inc. 2023 Long-Term Incentive Plan"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What did Paycom (PAYC) director Joseph Leo Binz report in this Form 4?
Director Joseph Leo Binz reported receiving a grant of 1,890 shares of restricted Paycom common stock. The award was issued under Paycom’s 2023 Long-Term Incentive Plan and reflects equity-based compensation rather than an open-market stock purchase or sale.
Was the Paycom (PAYC) Form 4 transaction an open-market buy or sell?
The Form 4 does not show an open-market buy or sell. Instead, it records an acquisition coded as a grant or award of 1,890 restricted shares, issued at a stated price of $0.00 per share as part of equity compensation.
Under which plan was the restricted stock in this Paycom (PAYC) Form 4 granted?
The restricted stock reported in this Form 4 was granted under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. This plan provides equity-based awards to align directors’ and employees’ interests with the long-term performance of the company’s common stock.