Paychex Chief Product Officer Disposes Shares for Tax Withholding

Insider Transaction Analysis: Paychex Inc ($PAYX)

Executive Summary

On October 1, 2026, Ryan Norman Bergstrom, Chief Product Officer of Paychex Inc, surrendered 1,393 shares of Common Stock at a price of $100.84 per share (aggregate value of $140,470.12) to satisfy tax withholding obligations connected with the vesting of restricted stock / restricted stock units.

Key Transaction Details

• Filing Date: October 2, 2026
• Transaction Date: October 1, 2026
• Security: Common Stock
• Transaction Code: F (Payment of exercise price or tax liability by delivering or withholding securities)
• Shares Disposed: 1,393
• Transaction Price: $100.84
• Remaining Direct Ownership: 43,295 shares

Derivative Holdings

Following the reported period, Mr. Bergstrom holds:

• 14,767 Stock Options exercisable at $140.68, expiring July 14, 2035.
• 23,088 Stock Options exercisable at $110.00, expiring July 14, 2036.

Significance & Market Assessment

• Significance Level: Low
• Interpretation: The transaction represents standard tax withholding (Code F) rather than an open-market discretionary sale. The reporting person retains a substantial direct equity holding of 43,295 shares, in addition to 37,855 options.