Paychex (PAYX) VP Mason Argiropoulos Receives RSU Award

What Happened Mason Argiropoulos, Vice President and Chief HR Officer of Paychex (PAYX), was granted 14,777 restricted stock units (RSUs) valued at $110.00/share (total $1,625,470) on July 15, 2026. On the same date he disposed of 386 shares at $110.00/share for $42,460 to satisfy tax withholding obligations; the filing also reports an ESPP balance of 2,182 shares.

Key Details

• Transaction date: 2026-07-15; Form 4 filed 2026-07-17 (appears timely).
• Grant: 14,777 RSUs @ $110.00 — reported value $1,625,470 (derivative award, subject to vesting).
• Tax-related disposition: 386 shares sold at $110.00 for $42,460 to satisfy withholding (footnote: tax withholding on lapse of restrictions).
• ESPP: 2,182-share ESPP balance reported (footnote indicates balance as of 6/30/2026).
• Shares owned after the transactions: Not specified in the provided report.
• Relevant footnotes: F1 = tax withholding via share disposition; F2 = ESPP balance; F3 = RSUs granted under the Amended & Restated 2002 Stock Incentive Plan.

Context The 14,777-share entry is an RSU award (a derivative grant subject to vesting), not an open-market purchase; the 386-share sale was a routine share-for-tax-withholding action tied to the RSU lapse of restrictions. Such withholding sales are common and typically reflect tax obligations rather than a directional bet by the insider.