Paychex Director Joseph Doody Receives Annual Equity Grants and Completes Trust Transfer

Executive Summary

On October 16, 2026, Paychex Inc ($PAYX) filed a Form 4 for Director Joseph Doody, reporting annual equity compensation grants and an estate-planning share transfer:

• RSU Award: Acquired 970 shares of Common Stock (restricted stock units) on October 15, 2026, at $0.00 pursuant to the Amended and Restated 2002 Stock Incentive Plan.
• Option Grant: Received an option to purchase 4,040 shares of Common Stock with an exercise price of $110.78 per share, vesting on October 15, 2027, and expiring on October 14, 2036.
• Trust Transfer: Transferred 725 shares directly held to the Joseph G. Doody Revocable Living Trust on October 16, 2026 (Transaction Code J).

Transaction Details

Date	Security	Type	Shares	Price	Value	Post Shares (Direct)
2026-10-15	Common Stock	Award (A)	970	$0.00	$0.00	1,695
2026-10-16	Common Stock	Transfer (J)	725	$0.00	$0.00	970
2026-10-15	Stock Option	Grant (A)	4,040	$110.78 (Ex. Price)	—	4,040

Beneficial Ownership Structure

Following these transactions, Mr. Doody's equity position consists of:

• Direct Ownership: 970 shares of common stock.
• Indirect Ownership:
  • 24,647 shares held via the Joseph G. Doody Revocable Living Trust.
  • 1,000 shares held via the Margaret Weiss Doody Revocable Living Trust.
• Derivative Holdings: Multiple tranches of vested and unvested stock options across prior annual grant cycles totaling over 30,000 underlying shares.

Trading Significance Assessment

The filing reflects routine director compensation awards along with a non-market transfer to a family trust. Because there were no open-market purchases or sales, this activity conveys Low market and trading significance.