PAYCHEX INC — Director's Dealing 2023

Jul 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2023-07-14

Reporting Person: Schrader Robert L. (VP/Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-14	Common Stock	F	931	$120.86	Disposed	7940	Direct
2023-07-15	Common Stock	A	1324	$0.00	Acquired	9264	Direct
2023-07-15	Common Stock	A	3552	$0.00	Acquired	12816	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-15	Stock Option	$120.86	A	8846	Acquired	2033-07-14	Common Stock (8846)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	306	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$73.53	2030-07-14	Common Stock (16519)	16519	Direct
Stock Option	$112.67	2031-07-14	Common Stock (9102)	9102	Direct
Stock Option	$85.46	2029-07-09	Common Stock (13015)	13015	Direct
Stock Option	$115.00	2032-07-14	Common Stock (7684)	7684	Direct

Footnotes

F1: Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock / restricted stock units.

F2: Award of restricted stock units, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.

F3: Award of restricted stock, subject to vesting, pursuant to the performance award under the Amended and Restated 2002 Stock Incentive Plan.

F4: 401(k) balance as of June 1, 2023.