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PAYCHEX (PAYX) senior VP has 2,249 shares withheld for taxes, holds options

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

Rhea-AI Filing Summary

PAYCHEX INC senior vice president Adam Brooks Ante reported a routine tax-related share disposition. On the lapse of restrictions on restricted stock and restricted stock units, 2,249 shares of common stock were withheld on April 1, 2026 at $90.91 per share to cover tax obligations, leaving him with 55,543 directly held shares.

He also continues to hold stock options covering 14,767 shares of common stock with an exercise price of $140.68 per share, expiring on July 14, 2035. The filing shows no open‑market purchases or sales, only tax withholding and existing option holdings.

Positive

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Negative

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Insider ANTE ADAM BROOKS
Role Sr. Vice President, Paycor
Type Security Shares Price Value
Tax Withholding Common Stock 2,249 $90.91 $204K
holding Stock Option -- -- --
Holdings After Transaction: Common Stock — 55,543 shares (Direct); Stock Option — 14,767 shares (Direct)
Footnotes (1)
  1. [object Object]
Tax-withholding shares 2,249 shares Common stock withheld for taxes on April 1, 2026
Withholding price $90.91 per share Value used for tax-withholding disposition
Shares held after transaction 55,543 shares Direct PAYCHEX common stock holdings after tax withholding
Stock option exercise price $140.68 per share Exercise price of remaining stock options
Underlying option shares 14,767 shares Common shares underlying remaining stock options
Option expiration date July 14, 2035 Expiration of stock options over 14,767 shares
tax withholding obligations financial
"Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions"
restricted stock units financial
"arising from lapse of restrictions applicable to restricted stock / restricted stock units"
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.
Stock Option financial
"security_title": "Stock Option""
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"conversion_or_exercise_price": "140.6800""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
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*
ANTE ADAM BROOKS
(Last)(First)(Middle)
911 PANORAMA TRAIL SOUTH
(Street)
ROCHESTER NEW YORK 14625
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PAYCHEX INC [ PAYX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. Vice President, Paycor
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		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 Stock04/01/2026F2,249(1)D$90.9155,543D
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
Stock Option$140.6807/15/202607/14/2035Common Stock14,76714,767D
Explanation of Responses:
1. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock / restricted stock units.
Prabha S. Bhandari, Attorney-in-fact04/03/2026
** 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 PAYCHEX (PAYX) executive Adam Brooks Ante report?

Adam Brooks Ante reported a tax-related share disposition. 2,249 PAYCHEX common shares were withheld on April 1, 2026 to cover tax obligations from vesting restricted stock and restricted stock units, rather than being sold in the open market.

Was the PAYCHEX (PAYX) insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The 2,249 PAYCHEX shares were withheld by the company at $90.91 per share solely to satisfy tax withholding obligations when restricted awards vested, a common administrative event.

How many PAYCHEX (PAYX) shares does Adam Brooks Ante hold after this Form 4?

After the tax withholding transaction, Adam Brooks Ante directly holds 55,543 PAYCHEX common shares. This figure reflects his remaining equity position following the 2,249 shares withheld for taxes linked to vesting restricted stock and restricted stock units.

What stock options does the PAYCHEX (PAYX) insider still own?

He holds stock options over 14,767 PAYCHEX common shares. These options have an exercise price of $140.68 per share and expire on July 14, 2035, providing long-dated potential equity exposure in addition to his directly owned shares.

What does the tax withholding transaction mean for PAYCHEX (PAYX) shareholders?

The tax withholding is a routine administrative event. Shares were delivered to satisfy tax obligations from vesting restricted awards, without discretionary buying or selling, so it mainly updates the insider’s reported holdings rather than signaling a change in sentiment.

How many PAYCHEX (PAYX) shares were used to cover tax obligations?

A total of 2,249 PAYCHEX common shares were used to cover tax withholding obligations. The shares were valued at $90.91 each when restrictions on related restricted stock and restricted stock units lapsed, according to the Form 4 footnote disclosure.