Peck Randall 4
Research Summary
AI-generated summary
Paycom COO Randall Peck Receives RSU Award; Tax Withholding
What Happened
Randall Peck, Chief Operating Officer of Paycom Software (PAYC), received 8,390 shares upon the vesting of performance-based restricted stock units (RSUs) on Feb. 10, 2026 (reported as an Award, code A). To satisfy tax withholding obligations related to the vesting, 3,680 of those shares were withheld by the company (reported as a disposal for tax withholding, code F) at a reported withholding price of $124.94 per share, totaling approximately $459,779. The award itself is recorded at $0.00 acquisition price (typical for vested RSUs).
Key Details
- Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (timely filing).
- Award (A): 8,390 shares @ $0.00 (vested performance RSUs granted Feb 21, 2025 per filing).
- Tax withholding (F): 3,680 shares withheld @ $124.94 = $459,779 (no open‑market sale).
- Holdings after transaction: filing notes holdings include 26,441 unvested restricted stock and 7,342 unvested restricted stock units (per footnote).
- Footnotes: F1—shares from vesting of performance RSUs; F3—shares withheld to satisfy tax obligations; no shares were sold in the transaction.
Context
This was a standard RSU vesting event, not an open-market sale or purchase. The withholding of shares to cover taxes is a common, administrative step (a cashless-type settlement) and does not necessarily indicate a decision to sell shares on the market. The filing appears timely and routine.