Richison Chad R. 4
4 · Paycom Software, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Paycom (PAYC) 10% Owner Chad R. Richison Receives 71,827 RSUs
What Happened
Chad R. Richison, a reported 10% owner of Paycom Software, Inc. (PAYC), received an award of 71,827 restricted stock units (RSUs) on February 18, 2026. The transaction is reported as an award/grant (transaction code A) and is shown on the Form 4 with a reported per‑share price of $0.00 (total reported acquisition value $0). This was a grant of equity compensation, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-02-18 (Period of Report). Form 4 filed: 2026-02-20 (timely filing).
- Transaction type/code: Award/Grant (A). Reported price: $0.00; total reported acquisition value: $0.
- Shares owned after transaction: Not specified in the excerpt provided; footnote F2 notes inclusion of 100,593 unvested RSUs in beneficial ownership reporting.
- Footnote F1: RSUs were granted under the Paycom 2023 Long‑Term Incentive Plan.
- Beneficial ownership footnotes (F10–F13, F3–F9): indicate various irrevocable and revocable trusts and entities (for family members) for which Richison may be deemed to beneficially own additional shares.
- No indication of a sale, open‑market purchase, option exercise, gift, or tax withholding in this reported transaction.
Context
Restricted stock unit grants are a form of equity compensation that typically vest over time per the issuer's plan; the filing does not disclose the vesting schedule or immediate economic value. As this is an award to a 10% owner, it reflects an equity grant (likely for compensation or retention) rather than an open‑market buy or sell; such grants do not by themselves indicate a near‑term change in insider sentiment.
Insider Transaction Report
Form 4
Richison Chad R.
DirectorCEO and Chairman10% Owner
Transactions
- Award
Common Stock
[F1][F2]2026-02-18+71,827→ 2,762,421 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 restricted stock units granted to the reporting person under the Paycom Software, Inc. 2023 Long-Term Incentive Plan.
- [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 100,593 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|2026-02-20