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Paycom (PAYC) CEO Chad Richison awarded 71,827-share restricted stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Paycom Software, Inc. CEO and Chairman Chad R. Richison reported an equity award in the form of restricted stock units. He acquired 71,827 shares of common stock as a grant at a stated price of $0.00 per share under the Paycom Software, Inc. 2023 Long-Term Incentive Plan.

Following this award, his directly held common stock position increased to 2,762,421 shares, which includes 100,593 unvested restricted stock units. The filing also reports additional indirect holdings in multiple family and estate planning trusts and in Ernest Group, Inc., which collectively hold several blocks of Paycom common stock that he may be deemed to beneficially own.

Positive

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Richison Chad R.

(Last) (First) (Middle)
7501 W. MEMORIAL ROAD

(Street)
OKLAHOMA CITY OK 73142

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Paycom Software, Inc. [ PAYC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CEO and Chairman
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/18/2026 A 71,827(1) A $0 2,762,421(2) D
Common Stock 1,199 I By Faye Penelope Richison 2023 Irrevocable Trust(3)
Common Stock 1,199 I By Rome West Pedersen 2023 Irrevocable Trust(4)
Common Stock 1,199 I By Lane West Richison 2022 Irrevocable Trust(5)
Common Stock 1,199 I By Kase Gabriel Richison 2022 Irrevocable Trust(6)
Common Stock 1,199 I By Sage Elizabeth Richison 2022 Irrevocable Trust(7)
Common Stock 1,199 I By Charles Banks Pedersen 2022 Irrevocable Trust(8)
Common Stock 440 I By Ava L. Richison 2012 Irrevocable Trust(9)
Common Stock 440 I By Ian D. Richison 2012 Irrevocable Trust(10)
Common Stock 56 I By Abrie R. Richison 2012 Irrevocable Trust(11)
Common Stock 12,500 I By Charis Michelle Richison Trust(12)
Common Stock 3,217,249 I By Ernest Group, Inc.(13)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units granted to the reporting person under the Paycom Software, Inc. 2023 Long-Term Incentive Plan.
2. Includes 100,593 unvested restricted stock units.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
11. 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.
12. 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.
13. 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.
/s/ Matthew Paque, attorney-in-fact 02/20/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Paycom (PAYC) CEO Chad Richison report in this Form 4 filing?

Chad Richison reported receiving a stock-based compensation award. He acquired 71,827 shares of Paycom common stock as a restricted stock unit grant under the company’s 2023 Long-Term Incentive Plan, increasing his directly held position and updating various indirect trust and entity holdings.

How many Paycom (PAYC) shares did Chad Richison acquire in this transaction?

He acquired 71,827 shares of Paycom common stock. These shares were granted as restricted stock units at a stated price of $0.00 per share, reflecting an equity compensation award rather than an open-market purchase or sale of existing shares.

What is Chad Richison’s direct Paycom (PAYC) share ownership after this grant?

After the grant, Chad Richison directly owns 2,762,421 shares of Paycom common stock. This figure includes 100,593 unvested restricted stock units, indicating that a portion of his direct holdings remains subject to vesting conditions under company incentive plans.

Are the reported Paycom (PAYC) shares in trusts owned by Chad Richison personally?

The filing lists multiple irrevocable and revocable trusts and Ernest Group, Inc. as the direct owners. As settlor, trustee, or controlling person, Chad Richison may be deemed to beneficially own those Paycom shares, but the shares are formally held by the respective trusts and entity.

Was this Paycom (PAYC) Form 4 transaction a market buy or sell?

No, it was not a market buy or sell. The transaction is coded as a grant, award, or other acquisition, reflecting restricted stock units awarded under Paycom’s 2023 Long-Term Incentive Plan at a stated price of $0.00 per share, rather than an exchange-traded transaction.

What does the Paycom (PAYC) Form 4 say about unvested restricted stock units?

The Form 4 notes that Richison’s direct holdings include 100,593 unvested restricted stock units. These units represent shares that are subject to vesting conditions, typically tied to continued service or performance, and are part of his long-term equity compensation.
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6.62B
48.28M
Software - Application
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United States
OKLAHOMA CITY