BERGSTROM RYAN NORMAN 4

What Happened

• Ryan N. Bergstrom, Chief Product Officer at Paychex (PAYX), disposed of 1,374 shares on April 1, 2026. The shares were priced at $90.91 each, for a total value of about $124,910. This disposition was reported as a tax-withholding transaction tied to the lapse of restrictions on restricted stock/RSUs, not an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (timely)
• Shares disposed: 1,374 at $90.91 per share; total value ≈ $124,910
• Transaction code: F — payment of exercise price or tax liability
• Footnote: F1 — disposition to satisfy tax withholding obligations arising from lapse of restrictions on restricted stock/restricted stock units
• Shares owned after transaction: not specified in this filing

Context

• This was a routine tax-withholding event following vesting of restricted stock/RSUs (a common administrative step). Such disposals are generally not considered a market-confidence signal the way open-market purchases can be. The filing appears timely (filed within the required reporting window).