Paychex chair exercises options, sells 25K shares
PAYCHEX INC chairman and director Martin Mucci exercised stock options to acquire 214,482 shares of common stock at $57.24 per share.
Rhea-AI Filing Summary
PAYCHEX INC chairman and director Martin Mucci exercised stock options to acquire 214,482 shares of common stock at $57.24 per share. On July 14, 2026, he delivered 163,329 shares to pay the exercise price or tax liability and sold 25,000 shares of common stock in open-market transactions at a weighted-average price of $109.93, with trades ranging from $109.55 to $110.225. Following these transactions, he held 444,200.3318 shares of common stock directly and retained multiple stock option grants, including 195,428 underlying shares at an exercise price of $73.53 expiring on July 14, 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
13 txns
Insider
MUCCI MARTIN
Role
Director
Sold
25,000 shs ($2.75M)
Approx. gross sale proceeds
$2.75M
Approx. exercise cost
$12.28M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 214,482 | $0.00 | $0.00 |
| Exercise | Common Stock | 214,482 | $57.24 | $12.28M |
| Exercise Price or Tax Liability | Common Stock | 163,329 | $109.92 | $17.95M |
| Sale | Common Stock F1 | 25,000 | $109.93 | $2.75M |
| 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 — 693,563 contracts (Direct);
Common Stock — 444,200.3318 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.55 to $110.225, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares Sold: 25,000 shares
Sale Price: $109.93 per share
Options Exercised: 214,482 shares at $57.24
+4 more
7 metrics
Shares Sold
25,000 shares
Open-market sale of common stock on 2026-07-14
Sale Price
$109.93 per share
Weighted-average price for 25,000-share sale; trades ranged $109.55–$110.225
Options Exercised
214,482 shares at $57.24
Stock option exercise converting derivative securities into common stock (code M)
Tax/Exercise Share Delivery
163,329 shares at $109.92
Shares delivered to pay option exercise price or tax liability (code F)
Common Shares Held After
444,200.3318 shares
Direct ownership of Paychex common stock following the transactions
Remaining Options Block
195,428 underlying shares at $73.53
Stock options expiring 2030-07-14 held directly by Martin Mucci
Additional Options Block
195,228 underlying shares at $85.46
Stock options expiring 2029-07-09 held directly by Martin Mucci
Key Terms
weighted average price, tax-withholding disposition, derivative security, conversion_or_exercise_price, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
conversion_or_exercise_price financial
""conversion_or_exercise_price": "57.2400""
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.
FAQ
What did Paychex (PAYX) chairman Martin Mucci report in his latest insider transactions?
Martin Mucci exercised 214,482 stock options at $57.24 per share, then delivered 163,329 shares to pay the exercise price or tax liability and sold 25,000 shares of common stock in open-market transactions on July 14, 2026.
What stock options did Martin Mucci exercise in this Paychex (PAYX) filing?
Martin Mucci exercised stock options covering 214,482 underlying shares of Paychex common stock at an exercise price of $57.24 per share, converting these options into common shares as reported under transaction code M.
What stock options does Martin Mucci still hold in Paychex (PAYX) after these trades?
Martin Mucci continues to hold several stock option grants, including 195,428 underlying shares at $73.53 expiring July 14, 2030 and 195,228 underlying shares at $85.46 expiring July 9, 2029, as well as additional smaller option positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
