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: MUCCI MARTIN (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-14	Common Stock	F	12523	$120.86	Disposed	396639	Direct
2023-07-14	Common Stock	M	195313	$41.70	Acquired	591952	Direct
2023-07-14	Common Stock	S	132851	$120.43	Disposed	459101	Direct
2023-07-15	Common Stock	A	902	$0.00	Acquired	460003	Direct
2023-07-15	Common Stock	A	42179	$0.00	Acquired	502182	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-14	Stock Option	$41.70	M	195313	Disposed	2024-07-08	Common Stock (195313)	Direct
2023-07-15	Stock Option	$120.86	A	3985	Acquired	2033-07-14	Common Stock (3985)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4867	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$60.84	2026-07-05	Common Stock (208590)	208590	Direct
Stock Option	$47.32	2025-07-07	Common Stock (206801)	206801	Direct
Stock Option	$60.84	2026-07-05	Common Stock (226636)	226636	Direct
Stock Option	$57.24	2027-07-11	Common Stock (214482)	214482	Direct
Stock Option	$69.54	2028-07-10	Common Stock (179191)	179191	Direct
Stock Option	$85.46	2029-07-09	Common Stock (195228)	195228	Direct
Stock Option	$73.53	2030-07-14	Common Stock (195428)	195428	Direct
Stock Option	$112.67	2031-07-14	Common Stock (108086)	108086	Direct
Stock Option	$109.19	2032-10-14	Common Stock (3299)	3299	Direct

Footnotes

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