Gibson John B 4

What Happened

John B. Gibson, President and CEO of Paychex (PAYX), reported equity activity on 2026-07-15. The largest item was acquisition of 96,971 shares tied to a derivative at $110.00 per share (total value $10,666,810). He also was granted 14,318 restricted stock units (RSUs) at $0.00 and had 14,083 shares disposed of to satisfy tax-withholding obligations (14,083 shares × $110.00 = $1,549,130). The disposal was routine tax withholding; the large derivative transaction and RSU grant are acquisitions.

Key Details

• Transaction date: 2026-07-15.
• Disposition: 14,083 shares sold/withheld at $110.00 for $1,549,130 (footnote: tax withholding on RSU lapse).
• Awards/acquisitions:
  • 14,318 RSUs granted at $0.00 (footnote: RSUs subject to vesting under the 2002 Stock Incentive Plan).
  • 96,971 shares acquired as a derivative at $110.00 each, total $10,666,810 (reported as a derivative acquisition).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: no late filing indicated in the supplied data.

Context

• The 14,083-share disposition was to cover tax withholding tied to RSUs vesting (routine, not a market-sale decision).
• The 14,318 RSUs are a standard restricted stock award subject to vesting; the 96,971-share item represents settlement of a derivative award at $110 per share (reported value $10.67M).
• Acquisitions (awards/derivative settlements) can be more informative than routine withholding; this filing shows material equity added to the CEO via award/settlement rather than a discretionary open-market purchase.