Paycom director receives 1,353-share restricted stock grant
KERBER WILLIAM XAVIER III reported acquisition or exercise transactions in this Form 4 filing.
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
- None.
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 Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 1,353 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents shares of restricted stock granted to the reporting person under the Paycom Software, Inc. 2023 Long-Term Incentive Plan.
- F2. Includes 1,353 unvested shares of restricted stock.
Key Figures
Key Terms
restricted stock financial
2023 Long-Term Incentive Plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Paycom Software (PAYC) director William Kerber report in this Form 4?
Was the Paycom Software (PAYC) Form 4 for an open-market stock purchase or sale?
Under which plan was the restricted stock granted to the Paycom (PAYC) director?
AI-generated analysis. How Rhea-AI works. Not financial advice.