Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 57

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 57
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                                       |        |     |                                |        |     | $                                        |   379,972 |
| Performance-Based RSUs   |     |                | 7/15/2024 |     |                            |         |     |                |           |     |                 |           |     |                             |  3,906 |     |         |  7,811 |     |         | 15,622 |     |                                                        |       |     |                                       |        |     |                                |        |     | $                                        |   934,977 |
| Stock Options            |     |                | 7/15/2024 |     |                            |         |     |                |           |     |                 |           |     |                             |        |     |         |        |     |         |        |     |                                                        |       |     |                                       | 20,887 |     | $                              | 121.63 |     | $                                        |   570,006 |

Estimated Future Payouts Under Non-EquityIncentive Plan Awards (Columns (c), (d), and (e)) The amounts in these columns consist of possible payouts under our annual incentive program for fiscal 2025. The actual amounts earned by each NEO for fiscal 2025 are reported as Non-EquityIncentive Plan Compensation in the Fiscal 2025 Summary Compensation Table. Additional information regarding how the payout amounts under our annual incentive program are determined can be found under the subheading entitled “Annual Incentive Program” in the Compensation Discussion and Analysis Section of this proxy statement. Estimated Future Payouts Under Equity Incentive Plan Awards (Columns (f), (g), and (h)) The amounts in these columns consist of performance-based RSUs granted during fiscal 2025 under the 2002 Plan. For performance-based RSUs, the NEOs do not have voting rights and do not accrue dividend equivalents. Paychex, Inc. 2025 Proxy Statement •50

| NEO Compensation |

For performance-based RSUs granted on July 15, 2024, the threshold, target, and maximum number of performance-based RSUs that may be earned are based on achievement compared to established targets for service revenue (weighted 50%) and operating income, net of certain items (weighted 50%) over a three-year performance period. Operating income, net of certain items, is a non-GAAPmeasure. Refer to “Paychex, Inc. Non-GAAPFinancial Measures