Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-21

Paychex (PAYX)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$8,807,411
John Gibson total, FY2025
19th
CEO pay percentile vs peers
126:1
CEO-to-median pay ratio
96.48%
Say-on-pay support, latest vote
Companies that benchmark against PAYX
21 companies name PAYX as a compensation peer

Each company listed discloses PAYX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PAYX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Gibson$900,000$5,183,393$1,749,999$957,375$16,644$8,807,411
President and CEO
Adam Ante56,8273,196,8823,253,709
SVP of Paycor
Robert Schrader493,6541,480,900500,007357,50014,6462,846,707
SVP and CFO
Michael Gioja550,0001,314,949570,006393,25018,1062,846,311
SVP of IT & PD
Mark Bottini530,0001,245,685539,987294,64716,5602,626,879
SVP of Sales

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
John Gibson$8,807,411$7,534,855+1,272,556
Adam Ante3,253,709
Robert Schrader2,846,7071,880,233+966,474
Michael Gioja2,846,3112,836,051+10,260
Mark Bottini2,626,8792,622,905+3,974

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
B. Thomas GolisanoGreater-than-10% holder2025-09-02D736$139$102,643CommonForm 4 ↗
Ryan Norman BergstromChief Product Officer2025-10-01D6,781124840,912CommonForm 4 ↗
Adam AnteSr. Vice President, Paycor2025-10-01D8,9021241,103,937CommonForm 4 ↗
Pamela A. JosephDirector2025-10-15A72500CommonForm 4 ↗
Elizabeth RoaldsenSr. Vice President2025-10-15D411285,228CommonForm 4 ↗
Pamela A. JosephDirector2025-10-15A3,061128390,339Derivative, Class A CommonForm 4 ↗
Kevin A. PriceDirector2025-10-15A3,061128390,339Derivative, Class A CommonForm 4 ↗
Joseph G. DoodyDirector2025-10-15A3,061128390,339Derivative, Class A CommonForm 4 ↗
Robert SchraderSr. VP, CFO2025-10-15D11612814,792CommonForm 4 ↗
Joseph M. TucciDirector2025-10-15A3,061128390,339Derivative, Class A CommonForm 4 ↗
Kara WilsonDirector2025-10-15A72500CommonForm 4 ↗
Martin MucciDirector2025-10-15A3,607128459,965Derivative, Class A CommonForm 4 ↗
Thomas F. BonadioDirector2025-10-15A72500CommonForm 4 ↗
Thomas F. BonadioDirector2025-10-15A3,061128390,339Derivative, Class A CommonForm 4 ↗
Kevin A. PriceDirector2025-10-15A72500CommonForm 4 ↗
Joseph M. TucciDirector2025-10-15A72500CommonForm 4 ↗
Joseph M. VelliDirector2025-10-15A3,061128390,339Derivative, Class A CommonForm 4 ↗
Joseph M. VelliDirector2025-10-15A72500CommonForm 4 ↗
Joseph G. DoodyDirector2025-10-15A72500CommonForm 4 ↗
Kara WilsonDirector2025-10-15A3,061128390,339Derivative, Class A CommonForm 4 ↗
Christopher C. SimmonsVP, Controller & Treasurer2025-10-15D381284,846CommonForm 4 ↗
Martin MucciDirector2025-10-15A85500CommonForm 4 ↗
John B. GibsonPresident and CEO2025-10-15D62412879,572CommonForm 4 ↗
Theresa M. PaytonDirector2025-10-15A3,061128390,339Derivative, Class A CommonForm 4 ↗
Theresa M. PaytonDirector2025-10-15A72500CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2025-10-22D302,05012838,523,457CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2025-10-28D20012424,774CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2025-11-10D212,98011123,736,621CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2025-11-10D234,27611126,098,346CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2025-12-01D923111102,831CommonForm 4 ↗
Martin MucciDirector2025-12-23D8,277114946,558CommonForm 4 ↗
Ryan Norman BergstromChief Product Officer2025-12-31D1,438112161,315CommonForm 4 ↗
Adam AnteSr. Vice President, Paycor2025-12-31D1,811112203,158CommonForm 4 ↗
Chad C. ParodiSVP, HCM, PEO & Insurance2026-01-15D34711138,347CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2026-01-21D239,84510825,848,096CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2026-01-23D9,3901071,006,326CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2026-01-30D26,1301022,668,657CommonForm 4 ↗
Thomas F. BonadioDirector2026-02-04A1,0009898,498CommonForm 4 ↗
Joseph G. DoodyDirector2026-02-04A1,0009998,760CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2026-03-03D1,10494103,390CommonForm 4 ↗
Ryan Norman BergstromChief Product Officer2026-04-01D1,37491124,910CommonForm 4 ↗
Adam AnteSr. Vice President, Paycor2026-04-01D2,24991204,457CommonForm 4 ↗
Mason ArgiropoulosVP, Chief HR Officer2026-04-15D79907,131CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2026-05-04D163,9309315,279,915CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2026-05-06D109,300919,975,811CommonForm 4 ↗
Joseph M. VelliDirector2026-05-08D10,22000Derivative, Class A CommonForm 4 ↗
Joseph M. VelliDirector2026-05-08A10,22061619,230CommonForm 4 ↗
Elizabeth RoaldsenSr. Vice President2026-05-13D4599041,310CommonForm 4 ↗
B. Thomas GolisanoGreater-than-10% holder2026-06-01D1,03297100,083CommonForm 4 ↗
Joseph M. TucciDirector2026-06-26D10,22000Derivative, Class A CommonForm 4 ↗
Joseph M. TucciDirector2026-06-26D3,90798383,863CommonForm 4 ↗
Joseph M. TucciDirector2026-06-26D6,31398619,305CommonForm 4 ↗
Joseph M. TucciDirector2026-06-26A10,22061619,230CommonForm 4 ↗
Adam AnteSr. Vice President, Paycor2026-07-01D2,678103275,057CommonForm 4 ↗
Ryan Norman BergstromChief Product Officer2026-07-01D2,090103214,664CommonForm 4 ↗
Martin MucciDirector2026-07-14D25,0001102,748,250CommonForm 4 ↗
Martin MucciDirector2026-07-14A214,4825712,276,950CommonForm 4 ↗
Martin MucciDirector2026-07-14D163,32911017,953,124CommonForm 4 ↗
Martin MucciDirector2026-07-14D214,48200Derivative, Class A CommonForm 4 ↗
Ryan Norman BergstromChief Product Officer2026-07-15A23,0881102,539,680Derivative, Class A CommonForm 4 ↗
Ryan Norman BergstromChief Product Officer2026-07-15A3,40900CommonForm 4 ↗
Ryan Norman BergstromChief Product Officer2026-07-15D30311033,330CommonForm 4 ↗
Chad C. ParodiSVP, HCM, PEO & Insurance2026-07-15A18,4711102,031,810Derivative, Class A CommonForm 4 ↗
Prabha S. BhandariChief Legal Officer, Secretary2026-07-15D28211031,020CommonForm 4 ↗
Robert SchraderSr. VP, CFO2026-07-15A4,36400CommonForm 4 ↗
Robert SchraderSr. VP, CFO2026-07-15D2,382110262,020CommonForm 4 ↗
Chad C. ParodiSVP, HCM, PEO & Insurance2026-07-15D30011033,000CommonForm 4 ↗
Mason ArgiropoulosVP, Chief HR Officer2026-07-15A14,7771101,625,470Derivative, Class A CommonForm 4 ↗
Mason ArgiropoulosVP, Chief HR Officer2026-07-15D38611042,460CommonForm 4 ↗
Chad C. ParodiSVP, HCM, PEO & Insurance2026-07-15A2,72700CommonForm 4 ↗
Adam AnteSr. Vice President, Paycor2026-07-15D29911032,890CommonForm 4 ↗
Adam AnteSr. Vice President, Paycor2026-07-15A3,40900CommonForm 4 ↗
Elizabeth RoaldsenSr. Vice President2026-07-15D2,383110262,130CommonForm 4 ↗
Robert SchraderSr. VP, CFO2026-07-15A29,5531103,250,830Derivative, Class A CommonForm 4 ↗
Christopher C. SimmonsVP, Controller & Treasurer2026-07-15A11,0821101,219,020Derivative, Class A CommonForm 4 ↗
Christopher C. SimmonsVP, Controller & Treasurer2026-07-15D1,172110128,920CommonForm 4 ↗
Mason ArgiropoulosVP, Chief HR Officer2026-07-15A2,18200CommonForm 4 ↗
John B. GibsonPresident and CEO2026-07-15A96,97111010,666,810Derivative, Class A CommonForm 4 ↗
Christopher C. SimmonsVP, Controller & Treasurer2026-07-15D2,615116303,131CommonForm 4 ↗
Adam AnteSr. Vice President, Paycor2026-07-15A23,0881102,539,680Derivative, Class A CommonForm 4 ↗
John B. GibsonPresident and CEO2026-07-15A14,31800CommonForm 4 ↗
John B. GibsonPresident and CEO2026-07-15D14,0831101,549,130CommonForm 4 ↗
Christopher C. SimmonsVP, Controller & Treasurer2026-07-15A1,81800CommonForm 4 ↗
Martin MucciDirector2026-07-17D9,3091141,061,058CommonForm 4 ↗
Joseph G. DoodyDirector2026-07-20A16400CommonForm 4 ↗
Robert SchraderSr. VP, CFO2026-07-20D2,600115299,234CommonForm 4 ↗
Joseph G. DoodyDirector2026-07-20D16400CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
John GibsonOPTION2024-07-1564,126$1,749,999
Robert SchraderOPTION2024-07-1518,322500,007
Mark BottiniOPTION2024-07-1519,787539,987
Michael GiojaOPTION2024-07-1520,887570,006
Adam AntePSU2025-05-1411,51223,02434,5363,196,882
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John Gibson$0$0$1,749,9990.0%
Robert Schrader00500,0070.0%
Mark Bottini00539,9870.0%
Michael Gioja00570,0060.0%
Adam Ante03,196,8820100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Adam AnteRSU67,254$10,620,079
John GibsonPSU34,5315,452,790
Robert SchraderOption18,322121.63
Robert SchraderPSU9,8661,557,940
John GibsonOption64,126121.63
Robert SchraderOption5,898120.86
Adam AntePSU23,0243,635,720
Michael GiojaRSU21,0323,321,163
Mark BottiniOption5,855115
Michael GiojaPSU7,8111,233,435
Robert SchraderRSU12,0911,909,290
Mark BottiniPSU7,3991,168,376
John GibsonOption6,829109.19
Robert SchraderOption2,825117.98
Michael GiojaOption20,887121.63
Mark BottiniOption13,270120.86
Robert SchraderOption2,562115
John GibsonRSU63,80610,075,605
Mark BottiniRSU19,9423,149,041
Mark BottiniOption19,787121.63
Michael GiojaOption14,007120.86
John GibsonOption42,389120.86
John GibsonOption7,318115
Michael GiojaOption6,221115
05

Incentive-plan design — the Compensation Discussion & Analysis

Paychex ties executive compensation to financial and operational performance to drive sustained, long-term increases in stockholder value, with a significant portion of pay at risk based on achievement of pre-established business and individual goals.

CEO STI target (% of salary)130%
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc. (FW Cook)
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-10-09275,491,81310,038,2361,115,04396.48%Passed
20242024-10-10275,855,90213,360,5551,063,21895.38%Passed
20232023-10-12268,214,17214,794,4441,153,55794.77%Passed
20222022-10-13261,968,71317,251,439906,16993.82%Passed
20212021-10-14190,219,03590,857,6621,115,51867.68%Passed
20202020-10-15261,034,02711,647,5111,182,73295.32%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-10-0996.48%a
20242024-10-1095.38%b
20232023-10-1294.77%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)126 : 1
CEO total compensation$8,807,411
Median employee compensation$70,003
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Martin MucciNot independent · Board Chair · Executive (Chair) · Partial-year service$195,000$108,980$108,992$0$412,972
Joseph M. TucciIndependent · Lead Independent Director · Compensation & Leadership · Executive · Nominating and Governance · Partial-year service183,75092,56092,4880368,798
Pamela A. JosephIndependent · Nominating and Governance (Chair) · Compensation & Leadership · Corporate Development Advisory · Executive · Investment141,87592,56092,4880326,923
Thomas F. BonadioIndependent · Audit (Chair) · Corporate Development Advisory · Investment · Partial-year service136,25092,56092,4880321,298
Joseph M. VelliIndependent · Compensation & Leadership · Corporate Development Advisory (Chair) · Executive · Investment (Chair) · Partial-year service132,50092,56092,4880317,548
Joseph G. DoodyIndependent · Compensation & Leadership (Chair) · Investment · Nominating and Governance · Partial-year service128,75092,56092,4880313,798
Kevin A. PriceIndependent · Audit · Nominating and Governance · Partial-year service117,50092,56092,4880302,548
Kara WilsonIndependent · Audit · Investment · Partial-year service115,00092,56092,4880300,048
B. Thomas GolisanoNot independent · Executive · Departed during FY · Partial-year service298,750000298,750
Theresa M. PaytonIndependent · Audit · Partial-year service107,50092,56092,4880292,548
David FlaschenIndependent · Departed during FY · Partial-year service85,6250014,999100,624
John B. GibsonEmployee director · Corporate Development Advisory · Executive · Partial-year service00000
09

Board fee structure and ownership guideline

Annual cash retainer$95,000
Annual equity retainer$185,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 22,500 / 20,000
Stock ownership guideline6x annual Board retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,642,500
Equity awards (grant-date value)$849,460
All other compensation$14,999
Total cost of the board$2,506,959

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Paychex names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Paychex.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Fiserv, Inc.2025Michael Lyons$1,214,236$55,881,279$0$0$70,341,992
2Intuit, Inc.2025Sasan Goodarzi1,300,00024,285,3848,650,1682,600,00036,845,552
3Fair Isaac Corporation2025William Lansing750,00034,091,86001,100,00036,045,267
4SS&C Technologies Holdings, Inc.2025William Stone1,000,00011,979,2593,750,0098,270,00025,007,664
5Equifax, Inc.2025Mark Begor1,500,00014,993,1103,420,1302,737,63423,420,134
6Global Payments, Inc.2025Cameron Bready1,050,00012,129,9644,002,0222,903,55320,307,392
7Gartner, Inc.2025Eugene Hall985,18511,619,4774,979,9321,483,65519,226,580
8Automatic Data Processing, Inc.2025Maria Black1,224,00014,791,04002,621,80019,137,192
9Moody's Corporation2025Robert Fauber1,100,00011,359,9032,840,0802,226,00018,082,565
10Broadridge Financial Solutions, Inc.2025Timothy Gokey1,076,6676,459,2156,953,4851,552,70517,188,658
11TransUnion2025Christopher Cartwright1,058,25012,665,1492,852,44716,731,398
12Verisk Analytics, Inc.2025Lee Shavel1,000,0008,800,0862,199,8811,500,00013,540,847
13WEX, Inc.2024Melissa Smith955,76910,529,3400966,71312,594,328
14Paychex2025John Gibson900,0005,183,3931,749,999957,3758,807,411
15Jack Henry & Associates, Inc.2025Gregory Adelson750,0005,306,7490938,9067,016,992
16Corpay, Inc.2025Ronald Clarke1,369,2312,000,120003,406,867
17Euronet Worldwide, Inc.2025Michael Brown925,000001,850,0002,786,575

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Paychex86.4%PRSU 60Yes — Relative total shareholder return (rTSR)Frederic W. Cook & Co., Inc. (FW Cook)
Automatic Data Processing, Inc.107.1%PSU 75 · RSU 25NoFW Cook
Broadridge Financial Solutions, Inc.96%Options 50 · PSU 50NoFW Cook
Corpay, Inc.125%PSU 100Nonot disclosed
Equifax, Inc.152.1%PSU 60 · Options 20 · RSU 20Yes — Relative TSRFrederic W. Cook & Co., Inc.
Euronet Worldwide, Inc.200%PSU 100NoFW Cook
Fair Isaac Corporation147%PSU 33 · RSU 33 · Other 33NoCompensia, Inc.
Fiserv, Inc.not disclosedPSU 60 · RSU 40NoPay Governance, LLC
Gartner, Inc.119.6%PSU 70 · Options 30NoExequity
Global Payments, Inc.not disclosedPSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
Intuit, Inc.not disclosedPSU 50 · RSU 25 · Options 25Yes — Relative TSR (60th percentile target)Frederic W. Cook & Co. (FW Cook)
Jack Henry & Associates, Inc.not disclosedPSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Moody's Corporation101%PSU 60 · RSU 20 · Options 20NoMeridian Compensation Partners
SS&C Technologies Holdings, Inc.165.4%PSU 50 · Options 25 · RSU 25Yes — Relative TSR ModifierFW Cook
TransUnion154.0%RSU 50 · PSU 50Yes — Relative TSRFW Cook
Verisk Analytics, Inc.100%PSU 60 · RSU 20 · Options 20Yes — Relative TSR versus S&P 500 Index constituentsFW Cook
WEX, Inc.66.1%PSU 65 · MSU 35NoCompensation Advisory Partners LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, John GibsonDEF 14A2025-08-290001193125-25-191789Section “Fiscal 2025 Summary Compensation Table”. As printed: 8,807,411. Filing ↗machine: t241 · r4 · c34 · span 921660–921669
2Section 01, Adam AnteDEF 14A2025-08-290001193125-25-191789Section “Fiscal 2025 Summary Compensation Table”. As printed: 3,253,709. Filing ↗machine: span 952711–952720
3Section 01, Robert SchraderDEF 14A2025-08-290001193125-25-191789Section “Fiscal 2025 Summary Compensation Table”. As printed: 2,846,707. Filing ↗machine: span 937094–937103
4Section 01, Michael GiojaDEF 14A2025-08-290001193125-25-191789Section “Fiscal 2025 Summary Compensation Table”. As printed: 2,846,311. Filing ↗machine: span 982338–982347
5Section 01, Mark BottiniDEF 14A2025-08-290001193125-25-191789Section “Fiscal 2025 Summary Compensation Table”. As printed: 2,626,879. Filing ↗machine: span 966872–966881
6Section 03, John Gibson OPTIONDEF 14A2025-08-290001193125-25-191789Section “Grants of Plan-Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t211 · r4 · c9 · span 817181–817187
7Section 03, Robert Schrader OPTIONDEF 14A2025-08-290001193125-25-191789Section “Grants of Plan-Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t211 · r6 · c9 · span 819153–819159
8Section 03, Mark Bottini OPTIONDEF 14A2025-08-290001193125-25-191789Section “Grants of Plan-Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t211 · r8 · c9 · span 821122–821128
9Section 03, Michael Gioja OPTIONDEF 14A2025-08-290001193125-25-191789Section “Grants of Plan-Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t211 · r10 · c9 · span 823092–823098
10Section 03, Adam Ante PSUDEF 14A2025-08-290001193125-25-191789Section “Grants of Plan-Based Awards for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t246 · r18 · c23 · span 1093114–1093120
11Section 07, pay ratioDEF 14A2025-08-290001193125-25-191789Section “CEO Pay Ratio”. As printed: 126 : 1. Filing ↗machine: t297 · r4 · c3 · span 1667893–1667899
12Section 08, Martin MucciDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 412,972. Filing ↗machine: t53 · r4 · c24 · span 250337–250344
13Section 08, Joseph M. TucciDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 368,798. Filing ↗machine: t53 · r20 · c24 · span 274535–274542
14Section 08, Pamela A. JosephDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 326,923. Filing ↗machine: t53 · r14 · c24 · span 265498–265505
15Section 08, Thomas F. BonadioDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 321,298. Filing ↗machine: t53 · r6 · c24 · span 253351–253358
16Section 08, Joseph M. VelliDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 317,548. Filing ↗machine: t53 · r22 · c24 · span 277547–277554
17Section 08, Joseph G. DoodyDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 313,798. Filing ↗machine: t53 · r8 · c24 · span 256363–256370
18Section 08, Kevin A. PriceDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 302,548. Filing ↗machine: t53 · r18 · c24 · span 271523–271530
19Section 08, Kara WilsonDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 300,048. Filing ↗machine: t53 · r24 · c24 · span 280555–280562
20Section 08, B. Thomas GolisanoDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 298,750. Filing ↗machine: t53 · r12 · c4 · span 260527–260534
21Section 08, Theresa M. PaytonDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 292,548. Filing ↗machine: t53 · r16 · c24 · span 268512–268519
22Section 08, David FlaschenDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 100,624. Filing ↗machine: t53 · r10 · c24 · span 259424–259431
23Section 08, John B. GibsonDEF 14A2025-08-290001193125-25-191789Section “Director Compensation”. As printed: 0. Filing ↗
24Section 02, B. Thomas Golisano 2025-09-02Form 42025-09-030000903201-25-000005Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Ryan Norman Bergstrom 2025-10-01Form 42025-10-030001193125-25-230054Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Adam Ante 2025-10-01Form 42025-10-030001193125-25-230055Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Pamela A. Joseph 2025-10-15Form 42025-10-170001193125-25-242466Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Elizabeth Roaldsen 2025-10-15Form 42025-10-170001193125-25-242468Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Pamela A. Joseph 2025-10-15Form 42025-10-170001193125-25-242466Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Kevin A. Price 2025-10-15Form 42025-10-170001193125-25-242464Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Joseph G. Doody 2025-10-15Form 42025-10-170001193125-25-242461Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Robert Schrader 2025-10-15Form 42025-10-170001193125-25-242465Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Joseph M. Tucci 2025-10-15Form 42025-10-170001193125-25-242460Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Kara Wilson 2025-10-15Form 42025-10-170001193125-25-242455Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Martin Mucci 2025-10-15Form 42025-10-170001193125-25-242457Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Thomas F. Bonadio 2025-10-15Form 42025-10-170001193125-25-242462Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Thomas F. Bonadio 2025-10-15Form 42025-10-170001193125-25-242462Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Kevin A. Price 2025-10-15Form 42025-10-170001193125-25-242464Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Joseph M. Tucci 2025-10-15Form 42025-10-170001193125-25-242460Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Joseph M. Velli 2025-10-15Form 42025-10-170001193125-25-242467Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Joseph M. Velli 2025-10-15Form 42025-10-170001193125-25-242467Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Joseph G. Doody 2025-10-15Form 42025-10-170001193125-25-242461Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Kara Wilson 2025-10-15Form 42025-10-170001193125-25-242455Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Christopher C. Simmons 2025-10-15Form 42025-10-170001193125-25-242456Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Martin Mucci 2025-10-15Form 42025-10-170001193125-25-242457Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, John B. Gibson 2025-10-15Form 42025-10-170001193125-25-242458Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Theresa M. Payton 2025-10-15Form 42025-10-170001193125-25-242459Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Theresa M. Payton 2025-10-15Form 42025-10-170001193125-25-242459Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, B. Thomas Golisano 2025-10-22Form 42025-10-240001193125-25-250128Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, B. Thomas Golisano 2025-10-28Form 42025-10-300001193125-25-258475Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, B. Thomas Golisano 2025-11-10Form 42025-11-120001193125-25-278034Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, B. Thomas Golisano 2025-11-10Form 42025-11-120001193125-25-278034Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, B. Thomas Golisano 2025-12-01Form 42025-12-030001193125-25-306638Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Martin Mucci 2025-12-23Form 42025-12-290001193125-25-335266Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Ryan Norman Bergstrom 2025-12-31Form 42026-01-050001193125-26-002356Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Adam Ante 2025-12-31Form 42026-01-050001193125-26-002358Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Chad C. Parodi 2026-01-15Form 42026-01-160001193125-26-015292Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, B. Thomas Golisano 2026-01-21Form 42026-01-230001193125-26-021014Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, B. Thomas Golisano 2026-01-23Form 42026-01-260001193125-26-022539Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, B. Thomas Golisano 2026-01-30Form 42026-02-020001193125-26-033571Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Thomas F. Bonadio 2026-02-04Form 42026-02-050001193125-26-039336Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Joseph G. Doody 2026-02-04Form 42026-02-050001193125-26-039338Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, B. Thomas Golisano 2026-03-03Form 42026-03-040001193125-26-091439Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Ryan Norman Bergstrom 2026-04-01Form 42026-04-030001193125-26-142076Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Adam Ante 2026-04-01Form 42026-04-030001193125-26-142077Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Mason Argiropoulos 2026-04-15Form 42026-04-170001193125-26-161469Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, B. Thomas Golisano 2026-05-04Form 42026-05-050001193125-26-206305Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, B. Thomas Golisano 2026-05-06Form 42026-05-080001193125-26-214563Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Joseph M. Velli 2026-05-08Form 42026-05-120001193125-26-219325Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Joseph M. Velli 2026-05-08Form 42026-05-120001193125-26-219325Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Elizabeth Roaldsen 2026-05-13Form 42026-05-150001193125-26-226571Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, B. Thomas Golisano 2026-06-01Form 42026-06-020001193125-26-253432Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Joseph M. Tucci 2026-06-26Form 42026-06-300001193125-26-290440Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Joseph M. Tucci 2026-06-26Form 42026-06-300001193125-26-290440Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Joseph M. Tucci 2026-06-26Form 42026-06-300001193125-26-290440Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Joseph M. Tucci 2026-06-26Form 42026-06-300001193125-26-290440Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Adam Ante 2026-07-01Form 42026-07-020001193125-26-294439Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Ryan Norman Bergstrom 2026-07-01Form 42026-07-020001193125-26-294437Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Martin Mucci 2026-07-14Form 42026-07-150001193125-26-304913Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Martin Mucci 2026-07-14Form 42026-07-150001193125-26-304913Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Martin Mucci 2026-07-14Form 42026-07-150001193125-26-304913Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Martin Mucci 2026-07-14Form 42026-07-150001193125-26-304913Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Ryan Norman Bergstrom 2026-07-15Form 42026-07-170001193125-26-307763Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Ryan Norman Bergstrom 2026-07-15Form 42026-07-170001193125-26-307763Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Ryan Norman Bergstrom 2026-07-15Form 42026-07-170001193125-26-307763Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Chad C. Parodi 2026-07-15Form 42026-07-170001193125-26-307760Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Prabha S. Bhandari 2026-07-15Form 42026-07-170001193125-26-307757Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Robert Schrader 2026-07-15Form 42026-07-170001193125-26-307755Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Robert Schrader 2026-07-15Form 42026-07-170001193125-26-307755Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Chad C. Parodi 2026-07-15Form 42026-07-170001193125-26-307760Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Mason Argiropoulos 2026-07-15Form 42026-07-170001193125-26-307762Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Mason Argiropoulos 2026-07-15Form 42026-07-170001193125-26-307762Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, Chad C. Parodi 2026-07-15Form 42026-07-170001193125-26-307760Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, Adam Ante 2026-07-15Form 42026-07-170001193125-26-307758Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Adam Ante 2026-07-15Form 42026-07-170001193125-26-307758Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Elizabeth Roaldsen 2026-07-15Form 42026-07-170001193125-26-307756Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Robert Schrader 2026-07-15Form 42026-07-170001193125-26-307755Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Christopher C. Simmons 2026-07-15Form 42026-07-170001193125-26-307759Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, Christopher C. Simmons 2026-07-15Form 42026-07-170001193125-26-307759Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Mason Argiropoulos 2026-07-15Form 42026-07-170001193125-26-307762Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, John B. Gibson 2026-07-15Form 42026-07-170001193125-26-307764Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, Christopher C. Simmons 2026-07-15Form 42026-07-170001193125-26-307759Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, Adam Ante 2026-07-15Form 42026-07-170001193125-26-307758Insider equity transaction reported since the proxy statement. Filing ↗
104Section 02, John B. Gibson 2026-07-15Form 42026-07-170001193125-26-307764Insider equity transaction reported since the proxy statement. Filing ↗
105Section 02, John B. Gibson 2026-07-15Form 42026-07-170001193125-26-307764Insider equity transaction reported since the proxy statement. Filing ↗
106Section 02, Christopher C. Simmons 2026-07-15Form 42026-07-170001193125-26-307759Insider equity transaction reported since the proxy statement. Filing ↗
107Section 02, Martin Mucci 2026-07-17Form 42026-07-210001193125-26-310270Insider equity transaction reported since the proxy statement. Filing ↗
108Section 02, Joseph G. Doody 2026-07-20Form 42026-07-210001193125-26-310269Insider equity transaction reported since the proxy statement. Filing ↗
109Section 02, Robert Schrader 2026-07-20Form 42026-07-210001193125-26-310268Insider equity transaction reported since the proxy statement. Filing ↗
110Section 02, Joseph G. Doody 2026-07-20Form 42026-07-210001193125-26-310269Insider equity transaction reported since the proxy statement. Filing ↗
111Section 06, 2025 voteForm 8-K2025-10-140001193125-25-239171Item 5.07 · say-on-pay result. As reported: 96.48% (votes for as printed: 275,491,813). Filing ↗
112Section 06, 2024 voteForm 8-K2024-10-110000950170-24-114406Item 5.07 · say-on-pay result. As reported: 95.38% (votes for as printed: 275,855,902). Filing ↗
113Section 06, 2023 voteForm 8-K2023-10-130000950170-23-053313Item 5.07 · say-on-pay result. As reported: 94.77%. Filing ↗
114Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
115Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
116Section 09b board cost (computed)ComputedcomputedCash 1,642,500 + equity 849,460 + all other 14,999 = 2,506,959, summed across the director compensation table rows.machine: formula: Σ = 2,506,959
117Fiserv, Inc., Section 10b CEO totalDEF 14A2026-04-020001140361-26-013003CEO total compensation as printed in Fiserv, Inc.'s own proxy. As printed: 70,341,992. Filing ↗machine: t198 · r2 · c22 · span 1028715–1028725
118Intuit, Inc., Section 10b CEO totalDEF 14A2025-11-260000896878-25-000057CEO total compensation as printed in Intuit, Inc.'s own proxy. As printed: 36,845,552. Filing ↗machine: span 1544523–1544533
119Fair Isaac Corporation, Section 10b CEO totalDEF 14A2026-01-270001193125-26-024403CEO total compensation as printed in Fair Isaac Corporation's own proxy. As printed: 36,045,267. Filing ↗machine: r3 · c35 · span 1413656–1413666
120SS&C Technologies Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-080001193125-26-147619CEO total compensation as printed in SS&C Technologies Holdings, Inc.'s own proxy. As printed: 25,007,664. Filing ↗machine: span 1469201–1469211
121Equifax, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127556CEO total compensation as printed in Equifax, Inc.'s own proxy. As printed: 23,420,134. Filing ↗machine: r2 · c44 · span 1228991–1229001
122Global Payments, Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-029453CEO total compensation as printed in Global Payments, Inc.'s own proxy. As printed: 20,307,392. Filing ↗
123Gartner, Inc., Section 10b CEO totalDEF 14A2026-04-150000749251-26-000159CEO total compensation as printed in Gartner, Inc.'s own proxy. As printed: 19,226,580. Filing ↗machine: r2 · c21 · span 686397–686407
124Automatic Data Processing, Inc., Section 10b CEO totalDEF 14A2025-09-250001308179-25-000607CEO total compensation as printed in Automatic Data Processing, Inc.'s own proxy. As printed: 19,137,192. Filing ↗machine: r2 · c18 · span 1170576–1170587
125Moody's Corporation, Section 10b CEO totalDEF 14A2026-03-040001059556-26-000019CEO total compensation as printed in Moody's Corporation's own proxy. As printed: 18,082,565. Filing ↗machine: r3 · c45 · span 978840–978850
126Broadridge Financial Solutions, Inc., Section 10b CEO totalDEF 14A2025-10-020001140361-25-037069CEO total compensation as printed in Broadridge Financial Solutions, Inc.'s own proxy. As printed: 17,188,658. Filing ↗machine: r2 · c28 · span 1255591–1255602
127TransUnion, Section 10b CEO totalDEF 14A2026-03-240001193125-26-121876CEO total compensation as printed in TransUnion's own proxy. As printed: 16,731,398. Filing ↗machine: r3 · c34 · span 858177–858187
128Verisk Analytics, Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-141398CEO total compensation as printed in Verisk Analytics, Inc.'s own proxy. As printed: 13,540,847. Filing ↗machine: r3 · c28 · span 887453–887463
129WEX, Inc., Section 10b CEO totalDEF 14A2025-04-170001309108-25-000073CEO total compensation as printed in WEX, Inc.'s own proxy. As printed: 12,594,328. Filing ↗machine: span 840532–840542
130Paychex (subject), Section 10b CEO totalDEF 14A2025-08-290001193125-25-191789CEO total compensation as printed in Paychex's own proxy. As printed: 8,807,411. Filing ↗machine: t241 · r4 · c34 · span 921660–921669
131Jack Henry & Associates, Inc., Section 10b CEO totalDEF 14A2025-10-020000779152-25-000079CEO total compensation as printed in Jack Henry & Associates, Inc.'s own proxy. As printed: 7,016,992. Filing ↗machine: r6 · c24 · span 564431–564440
132Corpay, Inc., Section 10b CEO totalDEF 14A2026-04-100001175454-26-000022CEO total compensation as printed in Corpay, Inc.'s own proxy. As printed: 3,406,867. Filing ↗machine: t152 · r4 · c8 · span 1890545–1890554
133Euronet Worldwide, Inc., Section 10b CEO totalDEF 14A2026-04-130001554855-26-000595CEO total compensation as printed in Euronet Worldwide, Inc.'s own proxy. As printed: 2,786,575. Filing ↗machine: span 581086–581095
134Section 10a, Intuit, Inc. reciprocityDEF 14A0000896878-25-000057Intuit, Inc.'s most recent proxy was read; its disclosed peer group does not include Paychex. Filing ↗
135Section 10a, Global Payments, Inc. reciprocityDEF 14A0001104659-25-023451Global Payments, Inc. names Paychex in its own disclosed peer group (read from its most recent proxy). Filing ↗
136Section 10a, WEX, Inc. reciprocityDEF 14A0001309108-25-000073WEX, Inc. names Paychex in its own disclosed peer group (read from its most recent proxy). Filing ↗
137Section 10a, Automatic Data Processing, Inc. reciprocityDEF 14A0001308179-25-000607Automatic Data Processing, Inc.'s most recent proxy was read; its disclosed peer group does not include Paychex. Filing ↗
138Section 10a, Fiserv, Inc. reciprocityDEF 14A0001140361-26-013003Fiserv, Inc. names Paychex in its own disclosed peer group (read from its most recent proxy). Filing ↗
139Section 10a, SS&C Technologies Holdings, Inc. reciprocityDEF 14A0001193125-26-147619SS&C Technologies Holdings, Inc. names Paychex in its own disclosed peer group (read from its most recent proxy). Filing ↗
140Section 10a, Moody's Corporation reciprocityDEF 14A0001059556-26-000019Moody's Corporation's most recent proxy was read; its disclosed peer group does not include Paychex. Filing ↗
141Section 10a, Verisk Analytics, Inc. reciprocityDEF 14A0001193125-26-141398Verisk Analytics, Inc.'s most recent proxy was read; its disclosed peer group does not include Paychex. Filing ↗
142Section 10a, TransUnion reciprocityDEF 14A0001193125-24-073865TransUnion's most recent proxy was read; its disclosed peer group does not include Paychex. Filing ↗
143Section 10a, Gartner, Inc. reciprocityDEF 14A0000749251-26-000159Gartner, Inc.'s most recent proxy was read; its disclosed peer group does not include Paychex. Filing ↗