Richison Chad R. 4
Research Summary
AI-generated summary
Paycom (PAYC) 10% Owner Chad R. Richison Receives Award, Withholds Shares
What Happened Chad R. Richison (reported as a 10% owner) received 43,148 shares upon the vesting of performance-based restricted stock units (RSUs). To satisfy tax withholding on the vesting, 18,921 shares were withheld (reported as a disposition) at a reported value of $124.94 per share, totaling $2,363,990. The RSUs were originally granted on February 21, 2025 under Paycom’s 2023 Long-Term Incentive Plan.
Key Details
- Transaction dates: February 10, 2026; Filing date: February 12, 2026 (timely filing).
- Award (code A): 43,148 shares acquired @ $0.00 (vesting).
- Withholding (code F): 18,921 shares withheld/disposed @ $124.94 = $2,363,990 (tax withholding; the company withheld shares to cover taxes).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Notable footnotes: Vesting arose from performance-based RSUs (grant 2/21/2025). Footnotes also indicate Richison may be deemed to beneficially own shares held in multiple family trusts and entities, and the filing notes 28,766 unvested restricted stock units included in beneficial ownership counts.
- Filing timeliness: Filed within the normal Form 4 window (not reported as late).
Context This was a vesting event with shares withheld for tax obligations (a common, non-market-sale outcome). Although the withholding is reported as a disposition for disclosure, the filing clarifies that no open-market sale occurred to satisfy taxes. As a reported 10% owner, Richison’s transactions reflect beneficial ownership and estate/trust relationships in addition to personal holdings; such filings are informational and do not, by themselves, indicate a bearish or bullish view.