Schrader Robert L. 4

What Happened Robert L. Schrader, Senior Vice President and Chief Financial Officer of Paychex, reported the sale of 2,600 shares of PAYX on 2026-07-20 at a price of $115.09 per share, for total proceeds of approximately $299,234. The transaction is reported on a Form 4 as a sale (code S), which is typically a disposition rather than a new investment.

Key Details

• Transaction date and price: 2026-07-20 — 2,600 shares sold at $115.09 each.
• Total value: ~ $299,234.
• Transaction type: Reported as an open-market or private sale (Form 4 code S).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed 2026-07-21 (filed the next business day); no late filing indicated.
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other special footnotes are disclosed in the provided information.

Context Insider sales are common and can be for many personal or routine reasons; a single sale by an executive does not by itself indicate a change in company outlook. Purchases generally carry more weight as signals of insider confidence. This Form 4 simply documents the reported sale and the filing timing for regulatory transparency.