Paychex (PAYX) exec uses stock to pay restricted stock taxes
Rhea-AI Filing Summary
PAYCHEX INC executive Christopher C. Simmons reported the disposition of 130 shares of common stock on 2026-08-14 at $122.02 per share, with the footnote stating these shares were withheld to satisfy tax withholding obligations from the vesting of restricted stock units. Following this tax-withholding event, he directly holds 3,290 shares of common stock. He also reports multiple outstanding stock options over PAYX common stock, including options covering 4,391 shares at a $115.00 exercise price expiring in 2032 and 4,589 shares at a $120.86 exercise price expiring in 2033, along with several additional grants at exercise prices between $110.00 and $140.68 with expirations from 2033 to 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 130 shares
Net Sell
7 txns
Insider
Simmons Christopher C
Role
VP, Controller & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 130 | $122.02 | $16K |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,290 shares (Direct);
Stock Option — 36,477 shares (Direct)
Footnotes (1)
- F1. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units.
Key Figures
Shares disposed for tax withholding: 130 shares
Disposition price per share: $122.02
Common shares held after transaction: 3,290 shares
+4 more
7 metrics
Shares disposed for tax withholding
130 shares
Common stock delivered on 2026-08-14 to satisfy tax withholding obligations
Disposition price per share
$122.02
Per-share value for 130 shares used to cover tax withholding
Common shares held after transaction
3,290 shares
Direct PAYX common stock holdings after the 130-share tax-withholding disposition
Option underlying shares at $115.00
4,391 shares
Underlying PAYX common shares for stock option exercisable at $115.00, expiring 2032-07-14
Option underlying shares at $120.86
4,589 shares
Underlying PAYX common shares for stock option exercisable at $120.86, expiring 2033-07-14
Largest reported option grant
11,082 shares
Underlying PAYX common shares for stock option exercisable at $110.00, expiring 2036-07-14
Highest option exercise price
$140.68
Exercise price of stock option over 7,310 underlying PAYX shares, expiring 2035-07-14
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 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"
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": "115.0000""
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 Christopher C. Simmons report?
Christopher C. Simmons reported a disposition of 130 PAYX common shares on 2026-08-14 at $122.02 per share. According to the disclosure, these shares were withheld to cover tax obligations from vesting restricted stock units, not an open-market sale.
Was the PAYCHEX (PAYX) insider transaction an open-market sale?
The transaction was not an open-market sale; it was coded “F” and described as shares delivered to pay tax withholding obligations. The footnote specifies the shares covered taxes arising from the lapse of restrictions on restricted stock units.
What stock options on PAYCHEX (PAYX) does Christopher C. Simmons report holding?
He reports several PAYX stock option positions, including 4,391 underlying shares at a $115.00 exercise price expiring in 2032 and 4,589 underlying shares at $120.86 expiring in 2033, plus additional grants with exercise prices between $110.00 and $140.68 expiring through 2036.
Does the PAYCHEX (PAYX) filing mention a Rule 10b5-1 trading plan for this insider transaction?
The document’s Rule 10b5-1 checkbox is not marked as an affirming plan. The tax-withholding transaction is characterized as satisfying withholding obligations from restricted stock unit vesting, with no separate trading plan description provided.
AI-generated analysis. How Rhea-AI works. Not financial advice.
