PAYX insider Form 4: CFO covers taxes with 116-share disposition

Rhea-AI Filing Summary

Paychex (PAYX) reported an insider transaction by its Sr. VP & CFO. On 10/15/2025, the officer disposed of 116 shares of common stock at $127.52 under code F, a sale to cover taxes from the vesting of restricted stock units. Following the transaction, the officer beneficially owns 19,165 shares directly and 322 shares indirectly via a 401(k). The filing also lists outstanding stock options across multiple grants with various exercise prices and expirations.

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

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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^*

Schrader Robert L.

(Last) (First) (Middle)

911 PANORAMA TRAIL SOUTH

(Street)

ROCHESTER NY 14625

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PAYCHEX INC [ PAYX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, CFO

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

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	10/15/2025		F		116(1)	D	$127.52	19,165	D
Common Stock								322	I	401(k)

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
Stock Option	$73.53							07/15/2021	07/14/2030	Common Stock	16,519		16,519	D
Stock Option	$112.67							07/15/2022	07/14/2031	Common Stock	9,102		9,102	D
Stock Option	$115							07/15/2023	07/14/2032	Common Stock	7,684		7,684	D
Stock Option	$120.86							07/15/2024	07/14/2033	Common Stock	8,846		8,846	D
Stock Option	$117.98							10/15/2024	10/14/2033	Common Stock	4,237		4,237	D
Stock Option	$121.63							07/15/2025	07/14/2034	Common Stock	18,322		18,322	D
Stock Option	$140.68							07/15/2026	07/14/2035	Common Stock	18,458		18,458	D

Explanation of Responses:

1. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units.

	Prabha S. Bhandari, Attorney-in-fact	10/17/2025
	** 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).
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FAQ

What did PAYX’s CFO report on Form 4?

A disposition of 116 shares at $127.52 on 10/15/2025 under code F to satisfy tax withholding from RSU vesting.

How many PAYX shares does the officer own after the transaction?

The officer beneficially owns 19,165 shares directly and 322 shares indirectly via a 401(k).

What does transaction code F mean for PAYX’s Form 4?

Code F indicates a sale or withholding of shares to cover tax obligations upon vesting of equity awards.

What was the price for the PAYX shares used to cover taxes?

The price reported was $127.52 per share.

Did the PAYX filing include derivative holdings?

Yes. It lists multiple stock options grants with exercise prices from $73.53 to $140.68 and stated share amounts and expirations.

Who is the reporting person in the PAYX Form 4?

An officer serving as Sr. VP, CFO of Paychex, Inc.