Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 2

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 2
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.6 Billion to Stockholders in Fiscal 2025 (an increase of 5% compared to fiscal 2024)

| Dividends Paid   $1.4B |     | Share Repurchases   $104.5M |

Paychex, Inc. 2025 Proxy Statement •2

| Proxy Summary |

Recent Awards and Recognition

| World’s Most Ethical Companies® Paychex has been named one of the 2025 World’s Most Ethical Companies® by Ethisphere for the 17th year. Paychex is one of only three companies to receive this honor 17 times. |     | TIME Magazine America’s Best Companies Paychex has been named a top-performing U.S.-based organization for the company’s culture, business results, and corporate responsibility efforts.                                                           |
| Training Hall of Fame Paychex has been inducted into Training magazine’s Training Hall of Fame for consecutive recognition as one of the world’s top training organizations.                                   |     | Excellence in Technology In 2024, Paychex Flex Perks® was recognized for excellence in technology by Brandon Hall Group. This is the 11th time Paychex’s innovative technology solutions have been awarded by the global research and analyst firm. |
| Top HR Product of the Year In 2024, Paychex Flex Perks® was recognized as a Top HR Product. This is the fourth time a Paychex solution has been named a top product by Human Resource Executive.               |     | FORTUNE®Magazine America’s’ Most Innovative Companies Paychex has been named one of America’s Most Innovative Companies on Fortune’s annual list for the third time.                                                                                |

Pay-for-Performance Key features of our executive compensation program that tie compensation to the Company’s performance are:

| • |     | A significant portion of annual compensation is “at risk” based on performance. For the President and Chief Executive Officer (“CEO”), 90% of his total target compensation is at risk or variable. On average, for the other named executive officers (“NEOs”) (excluding Mr. Ante, who joined the Company in April 2025), 82% of their total target compensation is at risk or variable. |

Paychex, Inc. 2025 Proxy Statement •3

| Proxy Summary |

| • |     | Variable compensation is comprised of an annual cash incentive program and longer-term equity-based incentives. For the annual cash incentive for fiscal 2025, results for certain performance metrics were