Paycom (PAYC) CEO reports stock gifts to family trusts
Rhea-AI Filing Summary
Paycom Software, Inc. (PAYC) CEO, President and Chairman, who is also a director and 10% owner, reported a series of stock gifts on a Form 4 dated 11/21/2025. The reporting person disposed of 1,792 shares of common stock at a reported price of $0, reflecting a gift, and held 2,671,566 shares directly afterward. Multiple trusts for the benefit of the reporting person’s grandchildren and children each acquired 112 shares of common stock at $0 as gifts, leaving several of these trusts with 1,199 shares and others with 440 or 56 shares. Additional indirect holdings include 12,500 shares in a spouse’s trust and 3,217,249 shares held by Ernest Group, Inc., all of which may be deemed beneficially owned by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,792 | $0.00 | -- |
| Gift | Common Stock | 112 | $0.00 | -- |
| Gift | Common Stock | 112 | $0.00 | -- |
| Gift | Common Stock | 112 | $0.00 | -- |
| Gift | Common Stock | 112 | $0.00 | -- |
| Gift | Common Stock | 112 | $0.00 | -- |
| Gift | Common Stock | 112 | $0.00 | -- |
| Gift | Common Stock | 112 | $0.00 | -- |
| Gift | Common Stock | 112 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares received pursuant to a gift from the reporting person. Represents shares of common stock owned by the Faye Penelope Richison 2023 Irrevocable Trust (the "FPR Trust"). The reporting person is the settlor and sole trustee for the FPR Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the FPR Trust. Represents shares of common stock owned by the Rome West Pedersen 2023 Irrevocable Trust (the "RWP Trust"). The reporting person is the settlor and sole trustee for the RWP Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the RWP Trust. Represents shares of common stock owned by the Lane West Richison 2022 Irrevocable Trust (the "LWR Trust"). The reporting person is the settlor and sole trustee for the LWR Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the LWR Trust. Represents shares of common stock owned by the Kase Gabriel Richison 2022 Irrevocable Trust (the "KGR Trust"). The reporting person is the settlor and sole trustee for the KGR Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the KGR Trust. Represents shares of common stock owned by the Sage Elizabeth Richison 2022 Irrevocable Trust (the "SER Trust"). The reporting person is the settlor and sole trustee for the SER Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the SER Trust. Represents shares of common stock owned by the Charles Banks Pedersen 2022 Irrevocable Trust (the "CBP Trust"). The reporting person is the settlor and sole trustee for the CBP Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the CBP Trust. Represents shares of common stock owned by the Ava L. Richison 2012 Irrevocable Trust (the "ALR Trust"). The reporting person is the settlor and sole trustee for the ALR Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the ALR Trust. Represents shares of common stock owned by the Ian D. Richison 2012 Irrevocable Trust (the "IDR Trust"). The reporting person is the settlor and sole trustee for the IDR Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the IDR Trust. Represents shares of common stock owned by the Abrie R. Richison 2012 Irrevocable Trust (the "ARR Trust"). The reporting person is the settlor and sole trustee for the ARR Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the ARR Trust. Represents shares of common stock owned by the Charis Michelle Richison Trust (the "Spouse Trust"). The Spouse Trust is a revocable trust for the benefit of the reporting person's spouse. The reporting person may be deemed to beneficially own the shares of common stock owned by the Spouse Trust. Represents shares of common stock owned by Ernest Group, Inc. ("Ernest Group"). The reporting person is the sole director of Ernest Group, and Ernest Group is wholly owned by the reporting person and certain trusts for the reporting person's children, for which the reporting person serves as trustee. The reporting person may be deemed to beneficially own the shares of common stock owned by Ernest Group.
FAQ
What insider transaction did PAYC report on this Form 4?
The Form 4 reports that the CEO, President and Chairman of Paycom Software, Inc. (PAYC) made gifts of common stock on 11/21/2025, including the disposal of 1,792 shares at a reported price of $0 and related transfers to multiple family trusts.
What indirect PAYC holdings are reported through Ernest Group, Inc. and other entities?
The filing reports 3,217,249 shares of Paycom common stock held indirectly through Ernest Group, Inc., as well as 12,500 shares held by the Charis Michelle Richison Trust, and various smaller positions in other trusts, all of which the reporting person may be deemed to beneficially own.
What is the reporting person’s relationship to Paycom Software, Inc. (PAYC)?
The reporting person is a Director, 10% Owner, and an Officer of Paycom Software, Inc., serving as CEO, President and Chairman.
Were the PAYC stock transfers on this Form 4 sales or gifts?
The transactions are coded as G for gifts, with a reported price of $0 per share, and the explanation states that the shares were received by the trusts pursuant to a gift from the reporting person.