Paychex CLO Prabha Bhandari Sells 282 Shares for Tax Withholding

What Happened
Prabha S. Bhandari, Chief Legal Officer and Secretary of Paychex (PAYX), disposed of 282 shares on July 15, 2026 to satisfy tax withholding obligations tied to the lapse of restricted stock units. The shares were recorded at $110.00 each, for a total value of $31,020. This was a tax-withholding disposition (routine) rather than an open-market sale indicating a personal cash sale.

Key Details

• Transaction date: 2026-07-15; Filing date: 2026-07-17 (timely filing).
• Disposition: 282 shares at $110.00 per share; total ≈ $31,020.
• Transaction code: F — shares surrendered to satisfy tax withholding on RSU lapse (Footnote F1).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No indication of a 10b5-1 plan or other trading plan in this filing.

Context
Tax-withholding dispositions are common when restricted stock units vest; the company withholds/surrenders shares to cover the tax bill. Such transactions are administrative and do not necessarily reflect the insider’s view of the company’s stock.