Who actually made the gifted-share transfer reported for Paychex (PAYX)?

The gift transfer was made by the Cynthia A. Golisano Irrevocable Trust U/A dated June 13, 2005. Thomas B. Golisano is named as trustee of this trust, and the Form 4 attributes 39,250 Paychex Common Stock shares to this indirect ownership position after the gift.

Irrevocable trust tied to Paychex (PAYX) insider reports stock gift

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Paychex Inc. insider Thomas B. Golisano reported a bona fide gift of 1,104 shares of Common Stock at $93.65 per share. The shares were transferred by the Cynthia A. Golisano Irrevocable Trust, for which he serves as trustee, as a quarterly distribution. After this transaction, his indirect holdings through the trust were 39,250 shares, and his directly owned Common Stock holdings were 35,927,153 shares, reflecting a correction of previously overstated gift amounts.

Insider Trade Summary

1,104 shares gifted

Mixed 2 txns

Insider GOLISANO B THOMAS

Role 10% Owner

Type	Security	Shares	Price	Value
Gift	Common Stock	1,104	$93.65	$103K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 39,250 shares (Indirect, Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005); Common Stock — 35,927,153 shares (Direct)

Footnotes (1)

Quarterly distribution pursuant to the irrevocable trust for which Mr. Golisano was named trustee on 7/22/08. Due to an administrative adjustment, the Form 4 filed on January 23, 2026, overstated the reporting person's January 21, 2026 gift by 9,390 shares, which was also reflected in the reporting person's direct holdings in Form 4s filed on January 26, 2026 and February 2, 2026. The shares directly beneficially owned by the reporting person have been corrected in this report.

Form 4 Insider Transactions: What Each Field Means →

03/04/2026 - 04:00 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GOLISANO B THOMAS

(Last)

(First)

(Middle)

911 PANORAMA TRAIL S.

(Street)

ROCHESTER

14625

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PAYCHEX INC [ PAYX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/03/2026		G		1,104⁽¹⁾	D	$93.65	39,250	I	Cynthia A. Golisano Irrevocable Trust U/A dtd 6/13/2005
Common Stock								35,927,153⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Quarterly distribution pursuant to the irrevocable trust for which Mr. Golisano was named trustee on 7/22/08.

2. Due to an administrative adjustment, the Form 4 filed on January 23, 2026, overstated the reporting person's January 21, 2026 gift by 9,390 shares, which was also reflected in the reporting person's direct holdings in Form 4s filed on January 26, 2026 and February 2, 2026. The shares directly beneficially owned by the reporting person have been corrected in this report.

	Prabha S. Bhandari, Attorney-in-fact	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Thomas B. Golisano report for Paychex (PAYX)?

Thomas B. Golisano reported a bona fide gift transfer of 1,104 shares of Paychex Common Stock at $93.65 per share. The gift was made by the Cynthia A. Golisano Irrevocable Trust as part of a quarterly distribution for which he serves as trustee.

How many Paychex (PAYX) shares does Thomas B. Golisano hold after this Form 4?

After the reported transactions, Thomas B. Golisano directly holds 35,927,153 shares of Paychex Common Stock. He also has 39,250 shares reported as indirectly held through the Cynthia A. Golisano Irrevocable Trust, reflecting updated and corrected ownership totals in this filing.

Was the Paychex (PAYX) insider transaction a sale or a gift?

The reported Paychex transaction was a bona fide gift, not a market sale. A total of 1,104 Common Stock shares were transferred by the Cynthia A. Golisano Irrevocable Trust as a quarterly distribution, with a reported price of $93.65 per share for valuation purposes.

What correction to prior Paychex (PAYX) filings does this Form 4 disclose?

This Form 4 notes an administrative adjustment, stating a January 23, 2026 filing overstated a January 21, 2026 gift by 9,390 shares. As a result, Thomas B. Golisano’s directly beneficially owned Paychex shares have been corrected in this report to 35,927,153.