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Paycom Software (NYSE: PAYC) director granted 1,353 restricted shares as equity award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

KERBER WILLIAM XAVIER III reported acquisition or exercise transactions in this Form 4 filing.

Paycom Software, Inc. director William Xavier Kerber III received a grant of 1,353 shares of restricted common stock under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. These shares were awarded at $0.00 per share as equity compensation. Following this grant, Kerber directly holds 6,341 shares of Paycom common stock, which include 1,353 unvested restricted shares.

Positive

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Negative

  • None.

Insights

Director received routine equity compensation via restricted stock grant.

Director William Xavier Kerber III was granted 1,353 shares of restricted stock at $0.00 per share under the 2023 Long-Term Incentive Plan. This is a non-cash, stock-based compensation award rather than an open-market purchase.

After the grant, Kerber holds 6,341 shares directly, including 1,353 unvested restricted shares. The filing does not show any sales or option exercises, so this is best viewed as standard board compensation aligning the director’s interests with shareholders.

Insider KERBER WILLIAM XAVIER III
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,353 $0.00 --
Holdings After Transaction: Common Stock — 6,341 shares (Direct, null)
Footnotes (1)
  1. Represents shares of restricted stock granted to the reporting person under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. Includes 1,353 unvested shares of restricted stock.
Restricted shares granted 1,353 shares Restricted common stock granted to director on 2026-07-08
Grant price per share $0.00 per share Equity compensation award, not open-market purchase
Total shares after transaction 6,341 shares Director’s direct Paycom common stock holdings following grant
Unvested restricted shares 1,353 shares Unvested portion of director’s holdings included in total shares
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"
unvested shares financial
"Includes 1,353 unvested shares of restricted stock."
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FAQ

What did Paycom Software (PAYC) director William Kerber report in this Form 4?

Director William Xavier Kerber III reported receiving a grant of 1,353 shares of restricted common stock under the Paycom Software, Inc. 2023 Long-Term Incentive Plan as equity compensation.

How many Paycom Software (PAYC) shares did William Kerber acquire in this transaction?

William Kerber acquired 1,353 shares of Paycom common stock through a restricted stock grant. The award was made at $0.00 per share as part of his equity compensation.

What is William Kerber’s total Paycom Software (PAYC) shareholding after this grant?

After the restricted stock grant, William Kerber directly holds 6,341 shares of Paycom common stock. This total includes 1,353 unvested restricted shares from the new award.

Was the Paycom Software (PAYC) Form 4 for an open-market stock purchase or sale?

The Form 4 reports a grant of restricted stock, not an open-market purchase or sale. The 1,353 shares were awarded at $0.00 per share as compensation.

Under which plan was the restricted stock granted to the Paycom (PAYC) director?

The 1,353 restricted shares were granted under the Paycom Software, Inc. 2023 Long-Term Incentive Plan, which governs equity compensation awards such as restricted stock for eligible participants.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
KERBER WILLIAM XAVIER III

(Last)(First)(Middle)
7501 W MEMORIAL RD

(Street)
OKLAHOMA CITY OKLAHOMA 73142

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Paycom Software, Inc. [ PAYC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/08/2026A1,353(1)A$06,341(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of restricted stock granted to the reporting person under the Paycom Software, Inc. 2023 Long-Term Incentive Plan.
2. Includes 1,353 unvested shares of restricted stock.
/s/ William Xavier Kerber III07/10/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)