Paychex CFO has 116 shares withheld for taxes

One reported option position covers 18,458 underlying shares at a $140.68 exercise price and expires July 14, 2035.

Rhea-AI Filing Summary

Paychex Inc. Senior Vice President and CFO Robert L. Schrader had 116 common shares withheld on October 15, 2026, at $110.78 per share to satisfy tax-withholding obligations arising from the lapse of restrictions on restricted stock units; no Rule 10b5-1 plan is reported. He directly held 18,431 common shares after the transaction and held another 339 shares indirectly through a 401(k).

Reported stock-option positions included options for 16,519 underlying shares at a $73.53 exercise price, expiring July 14, 2030, and options for 29,553 underlying shares at a $110.00 exercise price, expiring July 14, 2036.

Insider Trade Summary

Tax Withholding: 116 shares

Tax Withholding 10 txns

Insider Schrader Robert L.

Role Sr. VP, CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	116	$110.78	$13K
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 18,431 shares (Direct); Stock Option — 112,721 contracts (Direct); Common Stock — 339 shares (Indirect, 401(k))

Footnotes (1)

1. F1. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units.

Key Figures

Common shares withheld: 116 shares Reported price per share: $110.78 per share Direct common shares following transaction: 18,431 shares +3 more

6 metrics

Common shares withheld 116 shares Tax withholding on October 15, 2026

Reported price per share $110.78 per share Tax-withholding transaction on October 15, 2026

Direct common shares following transaction 18,431 shares After the October 15, 2026 transaction

Indirect common shares in 401(k) 339 shares Reported October 15, 2026

Stock-option underlying shares and exercise price 16,519 shares at $73.53 per share Expiration date: July 14, 2030

Stock-option underlying shares and exercise price 29,553 shares at $110.00 per share Expiration date: July 14, 2036

Key Terms

restricted stock units, tax withholding obligations, exercise price

3 terms

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

"satisfy tax withholding obligations"

exercise price financial

"at a $73.53 exercise price"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PAYX shares did Robert L. Schrader have withheld for taxes?

Robert L. Schrader, Paychex's Senior Vice President and CFO, had 116 common shares withheld on October 15, 2026, at $110.78 per share to satisfy tax-withholding obligations arising from the lapse of restrictions on restricted stock units. No Rule 10b5-1 plan is reported.

What other PAYX stock-option positions did Robert L. Schrader report?

The reported positions included options for 9,102 underlying common shares at a $112.67 exercise price, expiring July 14, 2031, and options for 7,684 underlying common shares at a $115.00 exercise price, expiring July 14, 2032.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/16/2026 - 04:00 PM EDT Accepted by SEC EDGAR 10/16/2026 - 04:00 PM EDT Learn about SEC filing dates

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^*

Schrader Robert L.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/15/2026		F		116(1)	D	$110.78	18,431	D
Common Stock								339	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
Stock Option	$110							07/15/2027	07/14/2036	Common Stock	29,553		29,553	D

Explanation of Responses:

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

	Todd Card, Attorney-in-fact	10/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)