PAYCHEX INC SEC Filings

The Vanguard Group filed Amendment No. 9 to Schedule 13G reporting a passive stake in Paychex, Inc. (PAYX). Vanguard disclosed beneficial ownership of 37,764,731 shares of Paychex common stock, representing 10.5% of the class as of 09/30/2025.

The filing shows 0 shares with sole voting power and 1,925,025 shares with shared voting power. Vanguard reports 34,607,727 shares with sole dispositive power and 3,157,004 shares with shared dispositive power. Vanguard certified the securities were acquired and are held in the ordinary course of business and not to change or influence control.

Adam Brooks, identified as Sr. Vice President, Paycor and an officer of Paychex Inc. (PAYX), reported a transaction dated 10/01/2025 in which he disposed of 8,902 shares of Paychex common stock at a price of $124.01. The filing states this disposition was to satisfy tax withholding obligations arising from the lapse of restrictions on restricted stock/RSUs. After the sale Mr. Brooks beneficially owns 59,603 shares. The Form 4 also shows Mr. Brooks holds 14,767 stock options with an exercise price of $140.68, exercisable beginning 07/15/2026 and expiring 07/14/2035.

Paychex Inc. (PAYX) reporting person Ryan Norman Bergstrom, Chief Product Officer, disposed of 6,781 shares of Paychex common stock on 10/01/2025 at a price of $124.01 per share to satisfy tax withholding arising from the lapse of restricted stock/RSU restrictions. After the disposition the reporting person beneficially owns 46,484 shares directly. The filing also shows a stock option position with a $140.68 exercise price covering 14,767 underlying shares that become exercisable on 07/15/2026 and expire on 07/14/2035. The Form 4 was executed by an attorney-in-fact on 10/03/2025.

Paychex reported first-quarter results highlighting the April 2025 acquisition of Paycor and related impacts on revenue and costs. Management Solutions revenue was $1.2 billion, up 21%, with Paycor contributing approximately 17% of that growth. PEO and Insurance Solutions revenue was $329.1 million, up 3%. Interest on funds held for clients rose to $47.6 million (up 27%) due to higher average investment balances from the Paycor acquisition. Compensation-related expenses increased to $530.0 million (up 17%), and depreciation and amortization rose 23% to $48.2 million. Acquisition-related costs were $84.8 million, including amortization of acquired intangibles and compensation costs. The company maintains a $400.0 million share repurchase program authorized through May 31, 2027, and disclosed issuance of $4.2 billion aggregate principal amount of corporate bonds to finance purchase consideration.

Paychex, Inc. filed a current report to announce that it issued a press release with its financial results for the three months ended August 31, 2025. The company furnished this press release as Exhibit 99.1, dated September 30, 2025.

The information in this update is being furnished rather than filed under the Securities Exchange Act of 1934, which means it is not automatically subject to certain liability provisions and is not incorporated into other securities filings unless specifically referenced.

Thomas B. Golisano, a director and 10% owner of Paychex Inc. (PAYX), reported a transaction on 09/02/2025. The filing shows a disposition of 736 shares of Paychex common stock at a price of $139.46 per share. The Form 4 lists beneficial ownership following the reported transaction(s) as 41,277 shares held indirectly through the Cynthia A. Golisano Irrevocable Trust U/A dated 6/13/2005 and 36,942,634 shares held directly. The filing explains the sale was part of a quarterly distribution pursuant to the irrevocable trust for which Mr. Golisano was named trustee on 7/22/2008. The form is signed by an attorney-in-fact, Prabha S. Bhandari, with a signature date of 09/03/2025.

Paychex, Inc. presents its 2025 proxy materials describing corporate governance, executive pay design, and shareholder voting procedures. The Board recommends a vote FOR each of ten director nominees. The proxy discloses compensation practices: a mix of time-based and performance-based equity, pay-for-performance features with payout ranges (0%–150% or up to 200% with TSR modifier), stock ownership guidelines (CEO: 6x base salary; SVPs: 3x), a clawback policy, and prohibitions on hedging. Operational highlights include a client base of approximately 800,000, improved client retention to pre-pandemic levels, above‑pre‑pandemic revenue retention, and record HR outsourcing worksite employee retention.

Paychex insider Form 4 disclosure: Christopher C. Simmons, Vice President, Controller & Treasurer of Paychex Inc. (PAYX), reported a disposition of 296 shares of Paychex common stock on 08/15/2025 at a price of $138.25 per share. The filing states the disposition was made to satisfy tax withholding obligations arising from the lapse of restrictions on restricted stock units. After the sale, Mr. Simmons directly beneficially owned 5,427 shares. The report also lists outstanding stock options exercisable into a total of 25,395 shares across multiple grants with exercise prices ranging from $115.00 to $140.68 and expiration dates between 07/14/2032 and 07/14/2035. The form is filed individually and signed by an attorney-in-fact on behalf of the reporting person.

Capital International Investors reports beneficial ownership of 23,108,013 shares of Paychex, Inc. common stock, representing 6.4% of the 360,190,668 shares the filing states are outstanding. The filer, organized in Delaware, is identified as an investment adviser (type IA) and says it has sole voting power over 22,758,850 shares and sole dispositive power over 23,108,013 shares, with no shared voting or dispositive power. The filing states these securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.