Paycom (NYSE: PAYC) president receives 20,950 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paycom Software, Inc. reported that President/Chief Client Officer Hadlock Terrell Shane acquired 20,950 shares of common stock on February 18, 2026 through a grant of restricted stock units under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. The units were granted at no cash purchase price. Following this award, his directly owned common stock holdings total 75,457 shares, including 20,950 unvested restricted stock units and 21,165 unvested shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hadlock Terrell Shane
Role
President/Chief Client Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,950 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 75,457 shares (Direct)
Footnotes (1)
- Represents restricted stock units granted to the reporting person under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. Includes 20,950 unvested restricted stock units and 21,165 unvested shares of restricted stock.
FAQ
What insider transaction did PAYC report for Hadlock Terrell Shane?
Paycom reported that Hadlock Terrell Shane received a grant of 20,950 restricted stock units on February 18, 2026. The award, granted at no cash price, increased his directly owned common stock holdings to 75,457 shares, including unvested restricted stock and restricted stock units.
What role does Hadlock Terrell Shane hold at Paycom Software (PAYC)?
Hadlock Terrell Shane serves as Paycom Software’s President and Chief Client Officer. His Form 4 filing reflects equity compensation tied to this executive role, specifically restricted stock units and restricted stock under the company’s 2023 Long-Term Incentive Plan, aligning management interests with shareholders.
What equity plan was used for the 20,950 restricted stock units at PAYC?
The 20,950 restricted stock units granted to Hadlock Terrell Shane were issued under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. This plan provides equity-based compensation, and the reported award represents non-cash acquisition of common stock through unvested restricted stock units subject to plan terms.
Was there a purchase price for the 20,950 PAYC restricted stock units?
There was no cash purchase price for the 20,950 restricted stock units granted to Hadlock Terrell Shane. The Form 4 shows a transaction price per share of $0.0000, indicating this was a non-cash equity award rather than an open-market stock purchase.
What types of unvested equity does Hadlock Terrell Shane hold in PAYC?
Hadlock Terrell Shane holds two types of unvested equity: 20,950 unvested restricted stock units and 21,165 unvested shares of restricted stock. Both positions relate to Paycom common stock and are disclosed in the Form 4 footnotes as part of his direct beneficial ownership.