Richison Chad R. 4
4 · Paycom Software, Inc. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Paycom (PAYC) 10% Owner Chad R. Richison Withholds 5,199 Shares
What Happened
- Chad R. Richison, a reported 10% owner of Paycom Software, had 5,199 shares of Paycom common stock withheld by the company to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The shares were valued at $131.59 each, for a total of $684,136. According to the filing, no shares were sold in this transaction (transaction code F — tax withholding).
Key Details
- Transaction date: 2026-02-05; Filing date: 2026-02-09 (filed within the typical two-business-day Form 4 window).
- Price per share: $131.59; Total value of shares withheld: $684,136.
- Shares withheld: 5,199 (used to satisfy tax obligations on the vesting of 14,382 RSUs granted Feb 21, 2025).
- The filing states no open-market sale occurred — this was a share-withholding to cover taxes (cashless/withholding method).
- Ownership context: Richison is a 10% owner and is connected to several trusts and entities (detailed in footnotes) and thus may be deemed to beneficially own shares held by those trusts/entities.
- The filing notes 28,766 unvested RSUs are included in his holdings per the footnotes.
- Filing timeliness: timely (not marked late).
Context
- This transaction reflects a routine tax-withholding action when RSUs vest, not an open-market sale or a deliberate liquidity event. Such withholdings are common and do not necessarily signal the insider's view of the stock.
- As a 10% owner with shares held through multiple trusts and an entity, Richison's reporting includes beneficial ownership disclosures (see footnotes) rather than an indication of trading intent.
Insider Transaction Report
Form 4
Richison Chad R.
DirectorCEO and Chairman10% Owner
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-02-05$131.59/sh−5,199$684,136→ 2,666,367 total
Holdings
- 1,199(indirect: By Trust)
Common Stock
[F3] - 1,199(indirect: By Trust)
Common Stock
[F4] - 1,199(indirect: By Trust)
Common Stock
[F5] - 1,199(indirect: By Trust)
Common Stock
[F6] - 1,199(indirect: By Trust)
Common Stock
[F7] - 1,199(indirect: By Trust)
Common Stock
[F8] - 440(indirect: By Trust)
Common Stock
[F9] - 440(indirect: By Trust)
Common Stock
[F10] - 56(indirect: By Trust)
Common Stock
[F11] - 12,500(indirect: By Trust)
Common Stock
[F12] - 3,217,249(indirect: By Ernest Group, Inc.)
Common Stock
[F13]
Footnotes (13)
- [F1]Represents shares of common stock of Paycom Software, Inc. (the "Issuer") withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of 14,382 restricted stock units granted to the reporting person on February 21, 2025. No shares were sold in this transaction.
- [F10]Represents shares of common stock owned by the Ian D. Richison 2012 Irrevocable Trust (the "IDR Trust"). The reporting person is the settlor and sole trustee for the IDR Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the IDR Trust.
- [F11]Represents shares of common stock owned by the Abrie R. Richison 2012 Irrevocable Trust (the "ARR Trust"). The reporting person is the settlor and sole trustee for the ARR Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the ARR Trust.
- [F12]Represents shares of common stock owned by the Charis Michelle Richison Trust (the "Spouse Trust"). The Spouse Trust is a revocable trust for the benefit of the reporting person's spouse. The reporting person may be deemed to beneficially own the shares of common stock owned by the Spouse Trust.
- [F13]Represents shares of common stock owned by Ernest Group, Inc. ("Ernest Group"). The reporting person is the sole director of Ernest Group, and Ernest Group is wholly owned by the reporting person and certain trusts for the reporting person's children, for which the reporting person serves as trustee. The reporting person may be deemed to beneficially own the shares of common stock owned by Ernest Group.
- [F2]Includes 28,766 unvested restricted stock units.
- [F3]Represents shares of common stock owned by the Faye Penelope Richison 2023 Irrevocable Trust (the "FPR Trust"). The reporting person is the settlor and sole trustee for the FPR Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the FPR Trust.
- [F4]Represents shares of common stock owned by the Rome West Pedersen 2023 Irrevocable Trust (the "RWP Trust"). The reporting person is the settlor and sole trustee for the RWP Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the RWP Trust.
- [F5]Represents shares of common stock owned by the Lane West Richison 2022 Irrevocable Trust (the "LWR Trust"). The reporting person is the settlor and sole trustee for the LWR Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the LWR Trust.
- [F6]Represents shares of common stock owned by the Kase Gabriel Richison 2022 Irrevocable Trust (the "KGR Trust"). The reporting person is the settlor and sole trustee for the KGR Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the KGR Trust.
- [F7]Represents shares of common stock owned by the Sage Elizabeth Richison 2022 Irrevocable Trust (the "SER Trust"). The reporting person is the settlor and sole trustee for the SER Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the SER Trust.
- [F8]Represents shares of common stock owned by the Charles Banks Pedersen 2022 Irrevocable Trust (the "CBP Trust"). The reporting person is the settlor and sole trustee for the CBP Trust, which is for the benefit of the reporting person's grandchild. The reporting person may be deemed to beneficially own the shares of common stock owned by the CBP Trust.
- [F9]Represents shares of common stock owned by the Ava L. Richison 2012 Irrevocable Trust (the "ALR Trust"). The reporting person is the settlor and sole trustee for the ALR Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the ALR Trust.
Signature
/s/ Matthew Paque, attorney-in-fact|2026-02-09