Paycom (PAYC) Chief Sales Officer receives 13,967-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
York Jeffrey D. reported acquisition or exercise transactions in this Form 4 filing.
Paycom Software, Inc. Chief Sales Officer Jeffrey D. York reported receiving a grant of 13,967 shares of common stock in the form of restricted stock units under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. The award was recorded at a price of $0.00 per share.
After this grant, his directly held common stock position reflected 13,967 shares, including 13,967 unvested restricted stock units. He also reported indirect beneficial ownership of 200,734 shares through the York Revocable Trust, 34,031 shares through JCY Holdings, LP, and 3,565 shares held by his mother-in-law.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
York Jeffrey D.
Role
Chief Sales Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,967 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,967 shares (Direct);
Common Stock — 200,734 shares (Indirect, By York Revocable Trust)
Footnotes (1)
- Represents restricted stock units granted to the reporting person under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. Includes 13,967 unvested restricted stock units. The York Revocable Trust is a revocable trust for the benefit of the reporting person, his spouse, and his children. The reporting person is the trustor and, with his spouse, a co-trustee of the York Revocable Trust. Accordingly, the reporting person reports beneficial ownership of all of the shares of common stock held by the York Revocable Trust. The general partner of JCY Holdings, LP ("JCY Holdings") is JCY General, LLC ("JCY General") and the limited partner of JCY Holdings is the York Revocable Trust. The York Revocable Trust is the sole member of JCY General.
FAQ
What insider transaction did PAYC executive Jeffrey D. York report on this Form 4?
Jeffrey D. York reported receiving a grant of 13,967 restricted stock units of Paycom common stock at a stated price of $0.00 per share. The award was made under the Paycom Software, Inc. 2023 Long-Term Incentive Plan and is reflected as an acquisition.
How is the York Revocable Trust described in the PAYC Form 4 footnotes?
The York Revocable Trust is described as a revocable trust for the benefit of Jeffrey D. York, his spouse, and his children. He is the trustor and, with his spouse, a co-trustee, and therefore reports beneficial ownership of all Paycom common stock held by the trust.