Foster Robert D. 4
4 · Paycom Software, Inc. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Paycom (PAYC) CFO Robert D. Foster Receives Award; Shares Withheld for Taxes
What Happened Robert D. Foster, Chief Financial Officer of Paycom Software, received 9,589 shares upon the vesting of performance-based restricted stock units on February 10, 2026. To satisfy tax-withholding obligations related to that vesting, 3,515 shares were withheld by the company at a reported value of $124.94 per share, amounting to $439,164. No open-market sale of shares was reported.
Key Details
- Transaction date: 2026-02-10 (reported on Form 4 filed 2026-02-12).
- Award/Acquisition: 9,589 shares (code A) acquired at $0.00 on vesting of performance RSUs.
- Tax withholding: 3,515 shares (code F) withheld at $124.94 per share, totaling $439,164; described as withholding to satisfy tax obligations, not a sale.
- Holdings note: Footnotes indicate there remain unvested awards (6,393 unvested RSUs and 3,750 unvested restricted shares). The filing does not state total shares owned after the transaction.
- Timeliness: Filing appears timely (reported two business days after the transaction).
Context This was a compensation event — vesting of performance-based restricted stock units granted under Paycom’s 2023 Long-Term Incentive Plan — rather than an open-market buy or sell. The withheld shares represent a routine cashless-withholding to cover taxes and do not by themselves indicate a change in the insider’s market view.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-10+9,589→ 23,367 total - Tax Payment
Common Stock
[F3][F2]2026-02-10$124.94/sh−3,515$439,164→ 19,852 total
- 26(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Represents shares of common stock of Paycom Software, Inc. (the "Issuer") acquired by the reporting person upon the vesting of performance-based restricted stock units granted to the reporting person on February 21, 2025, under the Paycom Software, Inc. 2023 Long-Term Incentive Plan.
- [F2]Includes 6,393 unvested restricted stock units and 3,750 unvested shares of restricted stock.
- [F3]Represents shares of common stock of the Issuer withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the performance-based restricted stock units described in footnote (1) above. No shares were sold in this transaction.