Foster Robert D. 4
Research Summary
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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.