10% Owner B. Thomas Golisano Disposes of 334 Shares via Trust Distribution in PAYX
PAYCHEX INC
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Filing Summary
# Insider Transaction Alert: PAYCHEX INC ($PAYX)
- **Insider:** GOLISANO B THOMAS (10% Owner)
- **Action:** Gift / Distribution (Disposed)
- **Shares:** 334 @ $127.04 (~$42,431.36)
- **Ownership After:** 37,884 shares (Indirect: Trust) | 35,653,923 shares (Direct)
- **Filing Date:** 2026-09-02
- **Significance:** Low (Routine quarterly trust distribution)
Comprehensive Analysis
Executive Summary
On September 1, 2026, 10% Owner B. Thomas Golisano disposed of 334 shares of Paychex, Inc. ($PAYX) Common Stock at a reported price of $127.04 per share, totaling $42,431.36. The transaction was coded as a gift/distribution (Code 'G') executed out of the Cynthia A. Golisano Irrevocable Trust.
Transaction Details
- Security: Common Stock
- Nature of Transaction: Gift/Distribution (Quarterly trust distribution pursuant to an irrevocable trust for which Mr. Golisano serves as trustee)
- Shares Transacted: 334 shares disposed indirectly
- Transaction Price: $127.04
- Remaining Balances:
- Indirect Holding (Trust): 37,884 shares
- Direct Holding: 35,653,923 shares
Impact & Significance
This transaction is categorized as Low significance. It represents a routine, quarterly distribution mandated under the terms of an irrevocable trust rather than open-market buying or selling. Furthermore, the volume of 334 shares is de minimis relative to Mr. Golisano's overall direct ownership of over 35.6 million shares.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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