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Paychex (PAYX) VP gets 2,182 RSUs and 14,777 stock options

(Very High)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Paychex VP and Chief HR Officer Mason Argiropoulos reported new equity awards. On July 15, 2026, he was granted 2,182 restricted stock units for common stock and 14,777 stock options with a $110 exercise price. To satisfy tax withholding from vesting restricted stock units, 386 shares were withheld, leaving 3,037 common shares held directly, alongside employee stock purchase plan and stock option positions.

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Insider Argiropoulos Mason
Role VP, Chief HR Officer
Type Security Shares Price Value
Grant/Award Stock Option 14,777 $110.00 $1.63M
Tax Withholding Common Stock 386 $110.00 $42K
Grant/Award Common Stock 2,182 $0.00 --
holding Stock Option -- -- --
holding Stock Option -- -- --
holding Stock Option -- -- --
holding Common Stock ESPP -- -- --
Holdings After Transaction: Stock Option — 14,777 shares (Direct); Common Stock — 3,037 shares (Direct); Common Stock ESPP — 247 shares (Direct)
Footnotes (1)
  1. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units. ESPP balance as of 6/30/2026. Award of restricted stock units, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.
Restricted stock units granted 2,182 shares Award of restricted stock units on 2026-07-15 pursuant to the Amended and Restated 2002 Stock Incentive Plan
Stock options granted 14,777 shares at $110.0000 New stock option award on 2026-07-15, exercisable from 2027-07-15 to 2036-07-14
Tax-withholding shares 386 shares at $110.0000 Shares disposed to satisfy tax withholding obligations from vesting restricted stock units
Direct common shares after transactions 3,037 shares Direct common stock holdings following non-derivative transactions on 2026-07-15
ESPP balance 247 shares Employee Stock Purchase Plan balance as of 6/30/2026 (per footnote F2)
Existing option exercise price $140.6800 Stock option position expiring 2035-07-14 covering 11,075 underlying shares of common stock
Existing option exercise price $121.6300 Stock option position expiring 2034-07-14 covering 11,909 underlying shares of common stock
Existing option exercise price $122.4500 Stock option position expiring 2034-04-14 covering 1,006 underlying shares of common stock
restricted stock units financial
"lapse of restrictions applicable to 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.
tax withholding obligations financial
"Disposition of shares to satisfy tax withholding obligations arising from lapse"
ESPP financial
"ESPP balance as of 6/30/2026."
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
Amended and Restated 2002 Stock Incentive Plan financial
"Award of restricted stock units, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan."

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FAQ

What insider equity transactions did Paychex (PAYX) executive Mason Argiropoulos report?

Mason Argiropoulos reported 2,182 restricted stock units for common stock, a grant of 14,777 stock options at $110 per share, and a tax-withholding disposition of 386 shares related to vesting restricted stock units.

How many restricted stock units did Paychex (PAYX) grant to Mason Argiropoulos?

He was granted 2,182 restricted stock units on July 15, 2026. According to the disclosure, these units are subject to vesting under the Amended and Restated 2002 Stock Incentive Plan and represent future delivery of Paychex common shares.

What are the terms of Mason Argiropoulos’s new Paychex (PAYX) stock options?

He received 14,777 stock options with an exercise price of $110.00 per share. The options become exercisable on July 15, 2027 and have an expiration date of July 14, 2036, covering an equal number of Paychex common shares.

How many Paychex (PAYX) shares were used to cover Mason Argiropoulos’s tax obligations?

A total of 386 shares of Paychex common stock were disposed of at $110.00 per share. The footnote states this disposition satisfied tax withholding obligations arising from the lapse of restrictions on previously granted restricted stock units.

What Paychex (PAYX) shareholdings does Mason Argiropoulos report after these transactions?

After the reported transactions, he holds 3,037 common shares directly, plus an ESPP balance of 247 shares as of June 30, 2026, and several stock option positions covering 11,075, 11,909, and 1,006 underlying shares at various exercise prices.

Were Mason Argiropoulos’s Paychex (PAYX) transactions under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirmed, and the footnotes do not reference any pre-arranged trading plan. The reported activity consists of equity awards and tax withholding, not open-market purchases or sales.
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*
Argiropoulos Mason

(Last)(First)(Middle)
911 PANORMA 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)
VP, Chief HR Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026
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 Stock07/15/2026F386(1)D$1103,037D
Common Stock07/15/2026A2,182(3)A$05,219D
Common Stock ESPP247(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
Stock Option$11007/15/2026A14,77707/15/202707/14/2036Common Stock14,777$11014,777D
Stock Option$122.4504/15/202504/14/2034Common Stock1,0061,006D
Stock Option$121.6307/15/202507/14/2034Common Stock11,90911,909D
Stock Option$140.6807/15/202607/14/2035Common Stock11,07511,075D
Explanation of Responses:
1. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units.
2. ESPP balance as of 6/30/2026.
3. Award of restricted stock units, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.
Prabha S. Bhandari, Attorney-in-fact07/17/2026
** 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)