Richison Chad R. 4

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.