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Golisano gifts 163,930 PAYCHEX (PAYX) shares to non-profit organizations

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PAYCHEX INC major shareholder Thomas B. Golisano reported a bona fide gift of 163,930 shares of common stock on May 4, 2026, described as a gift of shares to various non-profit organizations. The shares were valued at $93.21 each for reporting purposes.

After the gift, Golisano directly holds 35,763,223 shares of Paychex common stock and indirectly holds 39,250 shares through the Cynthia A. Golisano Irrevocable Trust U/A dated June 13, 2005. The filing shows a charitable transfer rather than an open-market sale or purchase.

Positive

  • None.

Negative

  • None.
Insider GOLISANO B THOMAS
Role null
Type Security Shares Price Value
Gift Common Stock 163,930 $93.21 $15.28M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 35,763,223 shares (Direct, null); Common Stock — 39,250 shares (Indirect, Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005)
Footnotes (1)
  1. [object Object]
Gifted shares 163,930 shares Bona fide gift on May 4, 2026
Reported share value $93.21 per share Value used to report gifted shares
Direct holdings after gift 35,763,223 shares Common stock directly owned after transaction
Indirect holdings after gift 39,250 shares Held via Cynthia A. Golisano Irrevocable Trust
Gift type Bona fide gift Shares gifted to various non-profit organizations
bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
ten percent owner financial
"reporting person is marked as is_ten_percent_owner: 1"
irrevocable trust financial
"Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005"
indirect ownership financial
"ownership_type: indirect, nature_of_ownership: Cynthia A. Golisano Irrevocable Trust"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GOLISANO B THOMAS
(Last)(First)(Middle)
911 PANORAMA TRAIL S.
(Street)
ROCHESTER NEW YORK 14625
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PAYCHEX INC [ PAYX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/04/2026G163,930(1)D$93.2135,763,223D
Common Stock39,250ICynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Gift of shares to various non-profit organizations.
Prabha S. Bhandari, Attorney-in-fact05/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Thomas B. Golisano report for PAYCHEX (PAYX)?

Thomas B. Golisano reported a bona fide gift of 163,930 shares of PAYCHEX common stock. The gift, dated May 4, 2026, was made to various non-profit organizations and was reported at $93.21 per share for SEC disclosure purposes.

Was the recent PAYCHEX (PAYX) insider transaction a sale or a gift?

The reported PAYCHEX insider transaction was a bona fide gift, not a sale. Thomas B. Golisano transferred 163,930 shares of common stock to various non-profit organizations, with no open-market selling activity disclosed in this Form 4.

How many PAYCHEX (PAYX) shares does Thomas B. Golisano hold after this Form 4?

Following the reported gift, Thomas B. Golisano directly holds 35,763,223 PAYCHEX common shares. He also indirectly holds 39,250 shares through the Cynthia A. Golisano Irrevocable Trust dated June 13, 2005, as shown in the filing.

What price was used to report the PAYCHEX (PAYX) gifted shares?

The 163,930 PAYCHEX shares gifted by Thomas B. Golisano were reported at $93.21 per share. This figure is used for SEC reporting of the bona fide gift and does not represent an open-market sale price.

Who benefited from Thomas B. Golisano’s PAYCHEX (PAYX) share gift?

The Form 4 footnote states that the 163,930 PAYCHEX shares were gifted to various non-profit organizations. The filing does not name specific recipients but characterizes the transfer as a bona fide charitable gift.

What indirect PAYCHEX (PAYX) holdings are reported for Thomas B. Golisano?

The filing lists 39,250 PAYCHEX common shares as indirectly owned by Thomas B. Golisano through the Cynthia A. Golisano Irrevocable Trust U/A dated June 13, 2005, indicating continued trust-based ownership in addition to his direct holdings.