Paycom (PAYC) CEO Chad Richison makes 25,000-share stock gifts, retains large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paycom Software, Inc. CEO and Chairman Chad R. Richison reported bona fide gifts of 25,000 shares of Paycom common stock. On June 15, 2026, he transferred 12,500 shares from his direct holdings and 12,500 shares from an indirect holding by the Charis Michelle Richison Trust, both coded as gift dispositions.
After these gifts, Richison directly holds 2,774,921 shares of Paycom common stock, which includes 100,593 unvested restricted stock units. He also may be deemed to beneficially own additional shares held indirectly through Ernest Group, Inc. and several irrevocable family trusts for his spouse, children, and grandchildren, indicating he retains a substantial overall stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,000 shares gifted
Mixed
12 txns
Insider
Richison Chad R.
Role
CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 12,500 | $0.00 | -- |
| Gift | Common Stock | 12,500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By Charis Michelle Richison Trust);
Common Stock — 2,774,921 shares (Direct, null)
Footnotes (1)
- 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. Includes 100,593 unvested restricted stock units. 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 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.
Key Figures
Total shares gifted: 25,000 shares
Each gift transaction: 12,500 shares
Direct holdings after gifts: 2,774,921 shares
+4 more
7 metrics
Total shares gifted
25,000 shares
Two bona fide gifts on June 15, 2026
Each gift transaction
12,500 shares
Per G-code transaction of common stock
Direct holdings after gifts
2,774,921 shares
Common stock held directly following transactions
Unvested RSUs included
100,593 units
Unvested restricted stock units within direct holdings
Ernest Group holdings
3,217,249 shares
Common stock owned by Ernest Group, Inc.
Abrie R. Richison 2012 Trust
56 shares
Indirect holding via 2012 irrevocable trust
Typical grandchild trust holding
1,199 shares
Per 2022–2023 irrevocable grandchild trust position
Key Terms
bona fide gift, unvested restricted stock units, revocable trust, irrevocable trust, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
unvested restricted stock units financial
"Includes 100,593 unvested restricted stock units."
revocable trust financial
"The Spouse Trust is a revocable trust for the benefit of the reporting person's spouse."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
irrevocable trust financial
"Represents shares of common stock owned by the Faye Penelope Richison 2023 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
beneficially own financial
"The reporting person may be deemed to beneficially own the shares of common stock"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
FAQ
What did Paycom (PAYC) CEO Chad Richison report in this Form 4?
Chad R. Richison reported bona fide gifts of 25,000 Paycom common shares. The filing shows two gift transactions of 12,500 shares each on June 15, 2026, one from direct holdings and one from an indirect trust holding.
What indirect Paycom (PAYC) holdings are associated with Chad Richison?
Indirect holdings include 3,217,249 shares owned by Ernest Group, Inc. and smaller blocks held by multiple 2012 and 2022–2023 irrevocable family trusts. The filing notes he may be deemed to beneficially own shares held by these trusts and Ernest Group.
What are the Charis Michelle Richison and other family trusts in the PAYC filing?
The Charis Michelle Richison Trust is described as a revocable spouse trust, while other trusts are irrevocable vehicles for children and grandchildren. The filing explains that Richison is settlor and sole trustee for several of these trusts and may be deemed to beneficially own their shares.