Paycom (PAYC) director receives 1,890 restricted stock shares under 2023 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paycom Software, Inc. director J C Watts Jr. received a grant of 1,890 shares of common stock, reported as a grant or award acquisition. These shares are restricted stock granted under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. After this award, he holds 10,719 shares directly, including 2,989 unvested restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WATTS J C JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,890 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,719 shares (Direct, null)
Footnotes (1)
- Represents shares of restricted stock granted to the reporting person under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. Includes 2,989 unvested shares of restricted stock.
Key Figures
Restricted stock grant: 1,890 shares
Total shares after transaction: 10,719 shares
Unvested restricted shares: 2,989 shares
+1 more
4 metrics
Restricted stock grant
1,890 shares
Grant or award acquisition on May 4, 2026
Total shares after transaction
10,719 shares
Director’s direct holdings following grant
Unvested restricted shares
2,989 shares
Included within director’s total holdings
Grant price per share
$0.00 per share
Equity compensation, not a market purchase
Key Terms
restricted stock, 2023 Long-Term Incentive Plan, Form 4, grant, award, or other acquisition
4 terms
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"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did PAYC director J C Watts Jr. report on this Form 4?
Director J C Watts Jr. reported receiving 1,890 shares of Paycom common stock as a grant or award. The shares are restricted stock issued under the 2023 Long-Term Incentive Plan, reflecting routine equity-based compensation rather than an open-market purchase or sale.
Was the PAYC insider transaction a market purchase or a compensation grant?
The transaction was a compensation-related grant, not a market purchase. Form 4 data classify it as a grant or award acquisition of 1,890 restricted shares, issued at a stated price of $0.00 per share under Paycom’s 2023 Long-Term Incentive Plan.
Does this PAYC Form 4 show any insider sales by J C Watts Jr.?
The Form 4 does not report any sales by J C Watts Jr. It shows only an acquisition transaction coded as a grant or award of 1,890 restricted shares, indicating an increase in his direct holdings with no dispositions disclosed in this filing.