ANTE ADAM BROOKS 4
Research Summary
AI-generated summary
Paychex (PAYX) Sr. VP Ante Adam Brooks Sells 2,678 Shares
What Happened
- Ante Adam Brooks, listed as Senior Vice President (Paycor), disposed of 2,678 Paychex (PAYX) shares on 2026-07-01 at a reported price of $102.71 per share, for a total of $275,057. The filing shows the disposition was to satisfy tax withholding obligations tied to the lapse of restricted stock/RSU restrictions.
Key Details
- Transaction date and price: 2026-07-01, 2,678 shares at $102.71 each.
- Transaction type/code: F — shares disposed to satisfy tax withholding.
- Total value: $275,057 (proceeds, before any brokerage fees or adjustments).
- Footnote: F1 — disposition to satisfy tax withholding arising from lapse of restrictions on restricted stock/RSUs.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Filing timeliness: Report filed on 2026-07-02 for a 2026-07-01 transaction (appears timely under Form 4 rules).
Context
- This was a routine tax-withholding disposition (commonly a share surrender or cashless settlement) related to restricted stock/RSUs vesting, not necessarily an open-market sale driven by investment sentiment. Such transactions are administrative and typically don’t signal a change in insider conviction by themselves.