Company: PAYX
Filing Date: 2025-07-11
Form Type: 10-K
Source: 0000950170-25-095300
Chunk: 23

Company: PAYCHEX INC
Filing Date: 2025-07-11
Form: 10-K
Item: Item 12
Chunk 23
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The information required by this item is set forth below and in the Company’s Definitive Proxy Statement for its 2025 Annual Meeting of Stockholders, anticipated to be held on or about October 9, 2025, under the section “BENEFICIAL OWNERSHIP OF PAYCHEX COMMON STOCK,” and is incorporated herein by reference.

The Company maintains an equity compensation plan in the form of a stock incentive plan. Under the Paychex, Inc. 2002 Stock Incentive Plan, as last amended and restated effective October 15, 2020 (the “2002 Plan”), non-qualified or incentive stock options, restricted stock, restricted stock units, performance shares, and performance stock options have been awarded to employees and the Board. The 2002 Plan was adopted on July 9, 2020 by the Board and became effective upon stockholder approval at the Company’s Annual Meeting of Stockholders held on October 15, 2020. Refer to Note F of the Notes to Consolidated Financial Statements, contained in Item 8 of this Form 10-K, for more information on the Company’s stock incentive plan.

The following table details information on securities authorized for issuance upon the exercise of outstanding options under the Company’s equity compensation plan as of May 31, 2025:

     In millions, except per share amounts
      
     Number of securities to be issued upon exercise of outstanding options

     Weighted-average exercise price of outstanding options

     Number of securities remaining available for future issuance under equity compensation plans(1)

     Equity compensation plan approved by security holders

     3.0

     $
      
     84.33

     12.0

(1)Includes shares available for future issuance through equity award grants under our 2002 Plan. Refer to Note F of the Notes to Consolidated Financial Statements, contained in Item 8 of this Form 10-K, for more information on the Company’s stock incentive plan.