Hadlock Terrell Shane 4

What Happened

• Terrell Shane Hadlock, President and Chief Client Officer of Paycom Software (PAYC), had 2,728 shares of Paycom common stock withheld by the company on May 10, 2026, to satisfy tax withholding obligations. The withholding was recorded at $138.44 per share, totaling $377,664. This was a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date and price: May 10, 2026 at $138.44 per share.
• Total value withheld: $377,664 (2,728 shares × $138.44).
• Shares owned after transaction: Not specified in the filing. (The filing notes unvested awards in footnote F2.)
• Notable footnotes:
  • F1: The 2,728 shares were withheld by the issuer to satisfy tax withholding in connection with the vesting of several restricted stock awards (lists grant dates and share amounts in the filing). The filing states no shares were issued or sold in this transaction.
  • F2: The filing also reports 20,950 unvested restricted stock units and 12,936 unvested shares of restricted stock attributable to the reporting person.
• Filing timeliness: Transaction occurred May 10, 2026; Form 4 filed May 12, 2026 — timely (filed within the SEC’s required reporting window).

Context

• This was a cashless tax-withholding event tied to vesting of restricted stock, not an open-market sale. Withholding to cover taxes is routine and does not necessarily reflect an insider’s view of the stock.
• For retail investors: purchases typically carry clearer bullish signals than routine withholdings; this filing documents compensation-related withholding rather than a discretionary sale.