Paychex (PAYX) Sr. VP reports tax withholding share disposition and option
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PAYCHEX INC senior executive Adam Brooks Ante reported a routine tax-related share disposition. On the non-derivative side, 2,678 shares of Common Stock were transferred at $102.71 per share to cover tax withholding obligations tied to vesting of restricted stock and restricted stock units. This was not an open-market sale. After this transaction, he directly holds 52,865 shares of Common Stock.
The filing also shows a Stock Option award over 14,767 underlying shares of Common Stock with an exercise price of $140.68 per share and an expiration date of July 14, 2035. These options remain outstanding as a direct holding.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ANTE ADAM BROOKS
Role
Sr. Vice President, Paycor
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,678 | $102.71 | $275K |
| holding | Stock Option | -- | -- | -- |
Holdings After Transaction:
Common Stock — 52,865 shares (Direct, null);
Stock Option — 14,767 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax withholding shares: 2,678 shares
Tax withholding price: $102.71 per share
Common shares held after: 52,865 shares
+3 more
6 metrics
Tax withholding shares
2,678 shares
Common Stock disposed to satisfy tax withholding
Tax withholding price
$102.71 per share
Value per share for 2,678-share tax disposition
Common shares held after
52,865 shares
Direct PAYCHEX Common Stock holdings following transaction
Stock option exercise price
$140.68 per share
Exercise price of outstanding Stock Option
Option underlying shares
14,767 shares
Underlying PAYCHEX Common Stock for Stock Option
Option expiration date
July 14, 2035
Expiration of reported Stock Option award
Key Terms
tax withholding obligations, restricted stock units, Stock Option, Common Stock
4 terms
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
"Stock Option over 14,767 underlying shares of Common Stock with an exercise price"
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.
Common Stock financial
"2,678 shares of Common Stock were transferred at $102.71 per share"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Adam Brooks Ante report in this PAYCHEX (PAYX) Form 4 filing?
Adam Brooks Ante reported shares withheld for taxes and an outstanding stock option. 2,678 Common Stock shares were disposed to satisfy tax withholding on vesting equity, and he continues to hold 52,865 Common Stock shares plus options over 14,767 shares.
Was the PAYCHEX (PAYX) Form 4 transaction an open-market sale?
No, the reported transaction was not an open-market sale. The 2,678 Common Stock shares were disposed to satisfy tax withholding obligations from vesting restricted stock and restricted stock units, according to the footnote, rather than sold in the open market.
What price and amount were involved in the PAYCHEX (PAYX) tax withholding disposition?
The filing shows 2,678 shares of PAYCHEX Common Stock disposed at $102.71 per share. This disposition covered tax withholding obligations arising from the lapse of restrictions on restricted stock and restricted stock units, as described in the accompanying footnote.
What are the key terms of Adam Brooks Ante’s PAYCHEX (PAYX) stock option?
The Form 4 lists a Stock Option over 14,767 underlying PAYCHEX Common Stock shares. The option has an exercise price of $140.68 per share and an expiration date of July 14, 2035, and is reported as a direct holding by the executive.
What role does Adam Brooks Ante hold at PAYCHEX (PAYX)?
Adam Brooks Ante is identified as a senior officer of PAYCHEX, serving as Sr. Vice President, Paycor. His Form 4 filing reflects personal equity activity in PAYCHEX Common Stock and related derivative awards tied to his executive compensation.