Paychex CEO John B. Gibson Disposes 409 Shares for Tax Withholding

Executive Summary

On October 21, 2026, Paychex, Inc. ($PAYX) filed a Form 4 for President and CEO John B. Gibson. The filing reflects the disposition of 409 shares of common stock on October 19, 2026, at a price of $110.75 per share, representing an aggregate value of $45,296.75.

Transaction Breakdown

• Transaction Code: F (Disposition of shares to satisfy tax withholding obligations arising from the vesting/lapse of restrictions on restricted stock units).
• Shares Disposed: 409 shares.
• Transaction Price: $110.75.
• Total Transaction Value: $45,296.75.
• Post-Transaction Beneficial Ownership: 80,957 direct common shares.

Market & Trading Context

• Nature of Transaction: This transaction represents non-discretionary share withholding to cover mandatory tax obligations related to equity award vesting. It is not an open-market sale or discretionary insider decision.
• Significance Assessment: Low. Given the non-discretionary nature, the modest transaction size relative to his overall direct holdings (80,957 shares) and extensive derivative holdings (exercisable and non-exercisable stock options totaling hundreds of thousands of shares), this transaction carries minimal informational value regarding insider sentiment.