PAYCHEX SVP Adam Brooks Exercises Options, Receives RSUs

What Happened

• Adam Brooks, Senior Vice President (Paycor) at Paychex (PAYX), acquired 23,088 shares in a derivative transaction at $110.00 per share (total $2,539,680). He also was granted 3,409 restricted stock units (RSUs) and 299 shares were disposed of (sold) for $110.00 each to satisfy tax withholding obligations ($32,890).
• The filing lists the 3,409 shares as an award of RSUs (no cash paid) and the 23,088-share acquisition as a derivative transaction (total shown $2,539,680). The 299-share disposition is noted as tax withholding related to RSU lapse.

Key Details

• Transaction dates: July 15, 2026; Form 4 filed July 17, 2026 (appears timely under the two-business-day rule).
• Prices/values: 23,088 shares @ $110.00 = $2,539,680 (derivative acquisition); 3,409 shares @ $0.00 = $0 (RSU award); 299 shares disposed @ $110.00 = $32,890 (tax withholding).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — 299-share disposition to satisfy tax withholding from lapse of RSUs. F2 — 3,409-share award are RSUs subject to vesting under the company’s 2002 Stock Incentive Plan.
• Transaction codes: A = grant/award/acquisition; F = disposition to satisfy tax withholding. The filing labels the 23,088-share entry as a derivative acquisition.

Context

• Derivative acquisition typically indicates exercise of options or similar instruments; the filing lists it as a derivative transaction but does not detail the underlying instrument.
• The 299-share sale was routine tax-withholding following RSU vesting and does not by itself signal a change in insider sentiment.
• Grants of RSUs are compensation and subject to vesting; purchases or option exercises (cash invested) are often viewed as more direct insider investment signals.