Paychex director exercises 10,220 stock options
PAYCHEX INC director Joseph M. Velli reported a routine options exercise.
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Form Type
4
Rhea-AI Filing Summary
PAYCHEX INC director Joseph M. Velli reported a routine options exercise. He exercised stock options covering 10,220 shares of common stock at an exercise price of $60.59 per share, described as options approaching their 10-year expiration date. Following the exercise, he directly holds 89,564 shares of PAYCHEX common stock.
He continues to hold multiple stock option awards on PAYCHEX common stock, with exercise prices ranging from $57.20 to $140.68 and expiration dates between 2027 and 2035. The filing shows an option exercise but no reported open-market sale of shares.
Insider Trade Summary
10,220 shares exercised/converted
Exercise
12 txns
Insider
VELLI JOSEPH M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 10,220 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,220 | $60.59 | $619K |
| 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 | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
Holdings After Transaction:
Stock Option — 50,544 contracts (Direct);
Common Stock — 89,564 shares (Direct)
Footnotes (1)
- F1. Exercise of stock options approaching 10-year expiration date.
Key Figures
Options exercised: 10,220 shares
Exercise price: $60.59/share
Shares held after: 89,564 shares
+5 more
8 metrics
Options exercised
10,220 shares
Common stock acquired via option exercise (code M)
Exercise price
$60.59/share
Price for exercised stock options
Shares held after
89,564 shares
Direct PAYCHEX common stock ownership after transaction
Remaining option exercise prices (low)
$57.20/share
Lowest exercise price among remaining stock options
Remaining option exercise prices (high)
$140.68/share
Highest exercise price among remaining stock options
Option expiration (exercised grant)
July 6, 2026
Expiration date of options exercised in this filing
Earliest remaining option expiration
July 12, 2027
Earliest expiration among remaining option grants
Latest remaining option expiration
October 14, 2035
Latest expiration among remaining option grants
Key Terms
Stock Option, derivative security, exercise price, expiration date, +1 more
5 terms
Stock Option financial
"security_title: "Stock Option" with underlying security title "Common Stock""
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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise price financial
"conversion_or_exercise_price: "60.5900" and other option records"
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.
expiration date financial
"expiration_date fields such as "2026-07-06T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
non-derivative financial
"transaction_type: "non-derivative" for common stock entry"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PAYCHEX (PAYX) director Joseph M. Velli report in this Form 4?
Joseph M. Velli reported exercising stock options for 10,220 PAYCHEX common shares at $60.59 per share. The filing records this as an option exercise, not an open-market purchase or sale, and updates his direct share ownership position.
What was the exercise price of the PAYCHEX (PAYX) options used in this transaction?
The exercised PAYCHEX stock options carried an exercise price of $60.59 per share. Exercising these options converted derivative rights into 10,220 shares of common stock at that fixed price, as disclosed in the Form 4.
What does the footnote in the PAYCHEX (PAYX) Form 4 indicate about the options exercise?
The footnote explains that the transaction was an exercise of stock options approaching their 10-year expiration date. This suggests the timing was driven by the options’ term rather than by a new open-market trading decision.
What stock options does Joseph M. Velli continue to hold in PAYCHEX (PAYX)?
He continues to hold several PAYCHEX stock option grants with exercise prices between $57.20 and $140.68. These options have expiration dates ranging from 2027 through 2035, providing ongoing rights to acquire additional common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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