Paychex CFO Withholds 116 Shares for Tax Obligations

Insider Filing Analysis: Paychex, Inc. ($PAYX)

Executive Summary

On October 16, 2026, Robert L. Schrader, Senior Vice President and Chief Financial Officer of Paychex, Inc., filed a Form 4 reporting a disposition of 116 shares of common stock on October 15, 2026. The transaction was executed at a price of $110.78 per share, representing a total value of approximately $12,850.48.

Nature of the Transaction

• Transaction Code: F (Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3).
• Context: The footnote specifies that the disposition was made to satisfy tax withholding obligations triggered by the lapse of restrictions on restricted stock units (RSUs).
• Ownership Status: Following the transaction, Mr. Schrader directly owns 18,431 shares of Paychex common stock and indirectly holds 339 shares through a 401(k) plan. He also holds extensive unexercised stock options spanning various grant years.

Market and Trading Significance

This filing carries Low trading significance. Dispositions under Transaction Code F are administrative and non-discretionary, reflecting mandatory tax withholdings rather than an active open-market sale or a shift in executive sentiment.