Parodi Chad C 4

What Happened
Chad C. Parodi, Senior Vice President, HCM, PEO & Insurance at Paychex, reported multiple equity transactions on July 15, 2026. He was awarded 2,727 restricted stock units (RSUs) (no cash cost reported). He also acquired 18,471 shares via a derivative acquisition at $110.00 per share, totaling $2,031,810. Separately, 300 shares were disposed at $110.00 per share (proceeds $33,000) to satisfy tax withholding obligations. The net activity is primarily acquisition/award rather than an outright sale.

Key Details

• Transaction date: July 15, 2026; Form 4 filed July 17, 2026 (appears timely).
• Acquisitions: 2,727 RSUs @ $0.00 (award); 18,471 shares (derivative) @ $110.00 = $2,031,810.
• Disposition: 300 shares @ $110.00 = $33,000 (tax withholding).
• Shares owned following the transactions: not disclosed in the provided filing.
• Footnotes: F1 — 300-share disposition to satisfy tax withholding from RSU lapse. F2 — 2,727 RSUs awarded subject to vesting under the company’s 2002 Stock Incentive Plan.
• Filing timeliness: Reported within two days of the transaction date (no late filing indicated).

Context

• The 300-share sale was a routine tax-withholding disposition tied to RSU vesting and does not necessarily indicate a change in sentiment.
• The 18,471-share line item is reported as a derivative acquisition (the filing lists an acquisition of derivative securities at $110.00 per share); this typically reflects conversion/exercise of a derivative right reported on the Form 4.
• Awards of RSUs are usually subject to vesting schedules; the 2,727 RSUs awarded carry vesting conditions per the plan.