STOCK TITAN
  1. Home
  2. Sec-filings
  3. PAYC
  4. [Form 4] Paycom Software, Inc. Insider Trading Activity

Paycom (NYSE: PAYC) executive has 2,728 shares withheld to cover taxes

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

Rhea-AI Filing Summary

Paycom Software, Inc. executive Terrell Shane Hadlock, President and Chief Client Officer, reported a compensation-related share withholding rather than an open-market trade. The company withheld 2,728 shares of common stock at $138.44 per share to cover tax withholding obligations tied to multiple restricted stock and restricted stock unit vestings. After this tax-withholding disposition, Hadlock directly holds 72,729 shares of Paycom common stock, along with additional unvested equity awards noted in the footnotes. The filing specifies that no shares were issued or sold in this transaction.

Positive

  • None.

Negative

  • None.
Insider Hadlock Terrell Shane
Role President/Chief Client Officer
Type Security Shares Price Value
Tax Withholding Common Stock 2,728 $138.44 $378K
Holdings After Transaction: Common Stock — 72,729 shares (Direct, null)
Footnotes (1)
  1. Represents shares of common stock of Paycom Software, Inc. (the "Issuer") withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the following awards: (i) 225 shares of restricted stock granted to the reporting person on February 2, 2022; (ii) 209 shares of restricted stock granted to the reporting person on February 4, 2023; (iii) 1,250 shares of restricted stock granted to the reporting person on December 4, 2023; (iv) 287 shares of restricted stock granted to the reporting person on February 23, 2024; (v) 5,000 shares of restricted stock granted to the reporting person on October 18, 2024; and (vi) 1,258 shares of restricted stock granted to the reporting person on March 2, 2025. No shares were issued or sold in this transaction. Includes 20,950 unvested restricted stock units and 12,936 unvested shares of restricted stock.
Shares withheld for taxes 2,728 shares Common stock withheld to satisfy tax withholding obligations
Withholding price $138.44 per share Value used for tax-withholding disposition of common stock
Shares held after transaction 72,729 shares Direct Paycom common stock holdings following the withholding
Unvested RSUs 20,950 units Unvested restricted stock units held by the executive
Unvested restricted shares 12,936 shares Unvested restricted stock held by the executive
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting"
restricted stock financial
"shares of restricted stock granted to the reporting person on February 2, 2022"
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.
restricted stock units financial
"Includes 20,950 unvested restricted stock units and 12,936 unvested shares of restricted stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Hadlock Terrell Shane
(Last)(First)(Middle)
7501 W MEMORIAL RD
(Street)
OKLAHOMA CITY OKLAHOMA 73142
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Paycom Software, Inc. [ PAYC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President/Chief Client Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/10/2026F2,728(1)D$138.4472,729(2)D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of common stock of Paycom Software, Inc. (the "Issuer") withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the following awards: (i) 225 shares of restricted stock granted to the reporting person on February 2, 2022; (ii) 209 shares of restricted stock granted to the reporting person on February 4, 2023; (iii) 1,250 shares of restricted stock granted to the reporting person on December 4, 2023; (iv) 287 shares of restricted stock granted to the reporting person on February 23, 2024; (v) 5,000 shares of restricted stock granted to the reporting person on October 18, 2024; and (vi) 1,258 shares of restricted stock granted to the reporting person on March 2, 2025. No shares were issued or sold in this transaction.
2. Includes 20,950 unvested restricted stock units and 12,936 unvested shares of restricted stock.
/s/ Terrell Shane Hadlock05/12/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Paycom (PAYC) report for Terrell Shane Hadlock?

Paycom reported that executive Terrell Shane Hadlock had 2,728 shares of common stock withheld to cover tax obligations on vested equity awards. This was a tax-withholding disposition, not an open-market buy or sell, and no new shares were issued in the process.

How many Paycom (PAYC) shares were withheld for taxes in this Form 4?

A total of 2,728 Paycom common shares were withheld at $138.44 per share to satisfy tax withholding obligations. These withholdings related to the vesting of several restricted stock and restricted stock unit grants previously awarded to the executive over multiple grant dates.

How many Paycom (PAYC) shares does Terrell Shane Hadlock hold after this transaction?

Following the tax-withholding disposition, Terrell Shane Hadlock directly holds 72,729 shares of Paycom common stock. In addition, the footnotes state that he has 20,950 unvested restricted stock units and 12,936 unvested restricted shares that may vest over time, subject to their terms.

Was this Paycom (PAYC) insider transaction an open-market sale of shares?

No, the filing states this was not an open-market sale. The 2,728 shares were withheld by Paycom to satisfy tax withholding obligations when several restricted stock and restricted stock unit awards vested, and the document notes that no shares were issued or sold in this transaction.

What equity awards are referenced in Terrell Shane Hadlock’s Paycom (PAYC) Form 4 footnote?

The footnote lists vested awards including restricted stock granted on February 2, 2022, February 4, 2023, December 4, 2023, February 23, 2024, October 18, 2024, and March 2, 2025. It also notes 20,950 unvested restricted stock units and 12,936 unvested restricted shares still outstanding.