Paychex grants J. Michael Hansen 4,040 stock options

Q: When can the PAYX option award be exercised, and when does it expire?

The option's reported exercise date is October 15, 2027, and its expiration date is October 14, 2036.

The reported exercise date for the option award is October 15, 2027; its expiration date is October 14, 2036.

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Rhea-AI Filing Summary

Paychex Inc. director J. Michael Hansen was granted a stock option covering 4,040 shares at an exercise price of $110.78 and received an award of 970 restricted stock units on October 15, 2026. The restricted stock units are subject to vesting under the Amended and Restated 2002 Stock Incentive Plan. His reported common-stock holdings following the award were 1,594 shares. As of October 15, 2026, a directly held option covering 2,435 common shares was also listed, with an exercise price of $111.18 and an expiration date of January 18, 2036.

Insider Trade Summary

Grant/Award: 5,010 shares

Grant/Award 3 txns

Insider Hansen J. Michael

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	4,040	$110.78	$448K
Grant/Award	Common Stock ^F1	970	$0.00	$0.00
holding	Stock Option	--	--	--

Holdings After Transaction: Stock Option — 6,475 contracts for 2,435 underlying shares (Direct); Common Stock — 1,594 shares (Direct)

Footnotes (1)

F1. Award of restricted stock units, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.

Key Figures

Option award: 4,040 shares Option exercise price: $110.78 per share Restricted stock units: 970 units +4 more

7 metrics

Option award 4,040 shares Granted October 15, 2026

Option exercise price $110.78 per share Option award granted October 15, 2026

Restricted stock units 970 units Awarded October 15, 2026; subject to vesting

Common shares following award 1,594 shares Reported following the October 15, 2026 award

Other option underlying shares 2,435 shares Option listed as of October 15, 2026

Other option exercise price $111.18 per share Option listed as of October 15, 2026

Other option expiration date January 18, 2036 Option listed as of October 15, 2026

Key Terms

restricted stock units, vesting, Stock Option, Amended and Restated 2002 Stock Incentive Plan

4 terms

restricted stock units financial

"Award of 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.

vesting financial

"subject to vesting"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Stock Option financial

"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.

Amended and Restated 2002 Stock Incentive Plan financial

"pursuant to the Amended and Restated 2002 Stock Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did PAYX director J. Michael Hansen receive?

On October 15, 2026, he received a stock option award covering 4,040 shares at an exercise price of $110.78 and an award of 970 restricted stock units. The restricted stock units are subject to vesting under the Amended and Restated 2002 Stock Incentive Plan.

When can the PAYX option award be exercised, and when does it expire?

The option's reported exercise date is October 15, 2027, and its expiration date is October 14, 2036.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/16/2026 - 04:00 PM EDT Accepted by SEC EDGAR 10/16/2026 - 04:00 PM EDT

SEC Form 4

FORM 4

UNITED 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^*

Hansen J. Michael

(Last)

(First)

(Middle)

911 PANORAMA TRAIL SOUTH

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/15/2026		A		970⁽¹⁾	A	$0	1,594	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$110.78	10/15/2026		A		4,040		10/15/2027	10/14/2036	Common Stock	4,040	$110.78	4,040	D
Stock Option	$111.18							01/19/2027	01/18/2036	Common Stock	2,435		2,435	D

Explanation of Responses:

1. Award of restricted stock units, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.

	Todd Card, Attorney-in-fact	10/16/2026
	** Signature of Reporting Person	Date
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