Paychex CPO has 1,374 shares withheld for taxes
PAYCHEX INC Chief Product Officer Ryan Norman Bergstrom reported a routine share withholding related to equity compensation.
Rhea-AI Filing Summary
PAYCHEX INC Chief Product Officer Ryan Norman Bergstrom reported a routine share withholding related to equity compensation. On the reported date, 1,374 shares of common stock were disposed of at $90.91 per share to satisfy tax withholding obligations from vesting restricted stock and restricted stock units. This was not an open-market trade but a mechanism to cover taxes.
After this tax withholding, Bergstrom directly holds 43,672 shares of PAYCHEX common stock. He also has outstanding stock options covering 14,767 underlying shares at a strike price of $140.68 per share, expiring in 2035, indicating a continuing long-term equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,374 shares
Exercise Price or Tax Liability
2 txns
Insider
BERGSTROM RYAN NORMAN
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,374 | $90.91 | $125K |
| holding | Stock Option | -- | -- | -- |
Holdings After Transaction:
Common Stock — 43,672 shares (Direct);
Stock Option — 14,767 contracts (Direct)
Footnotes (1)
- F1. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock / restricted stock units.
Key Figures
Shares withheld for taxes: 1,374 shares
Withholding reference price: $90.91 per share
Shares held after transaction: 43,672 shares
+3 more
6 metrics
Shares withheld for taxes
1,374 shares
Tax-withholding disposition on vested restricted stock/RSUs
Withholding reference price
$90.91 per share
Value used for 1,374 withheld PAYCHEX shares
Shares held after transaction
43,672 shares
Direct PAYCHEX common stock holding post-transaction
Underlying option shares
14,767 shares
Common shares underlying outstanding stock options
Option exercise price
$140.68 per share
Strike price of outstanding PAYCHEX stock options
Option expiration
2035-07-14
Expiration date of reported PAYCHEX stock options
Key Terms
restricted stock units, tax withholding obligations, Stock Option, exercise price
4 terms
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.
tax withholding obligations financial
"Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions"
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.
FAQ
What insider transaction did PAYCHEX (PAYX) executive Ryan Bergstrom report?
Ryan Bergstrom reported a disposition of 1,374 PAYCHEX common shares to cover tax withholding on vested restricted stock and RSUs. This reflects a compensation-related withholding mechanism, not an open-market sale, and is common when equity awards vest and generate taxable income.
Was the PAYCHEX (PAYX) insider transaction an open-market sale?
No. The 1,374 PAYCHEX shares were withheld to satisfy tax obligations from vesting restricted stock and restricted stock units. This tax-withholding disposition is executed by the company to cover taxes due, rather than the executive choosing to sell shares on the open market.
What stock options does the PAYCHEX (PAYX) Chief Product Officer retain?
Ryan Bergstrom holds stock options linked to 14,767 PAYCHEX common shares with an exercise price of $140.68 per share, expiring in 2035. These unexercised options represent additional potential equity exposure beyond his current common stock holdings reported in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
