Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 33

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 33
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 gives our stockholders an opportunity to express their views on the overall compensation of our NEOs and the philosophy, policies, and practices as described in this proxy statement.Our stockholders are currently given the opportunity to vote, on a non-binding,advisory basis, on say-on-payproposals annually, with the next opportunity to vote on such a proposal being the 2026 Annual Meeting of Stockholders (“2026 Annual Meeting”). Before you vote, we encourage you to read the CD&A and Named Executive Officer Compensation sections of this proxy statement, which provide detailed information on the Company’s compensation policies and practices, and overall compensation of our NEOs. Compensation Programs Highlights Our executive compensation programs are designed to attract, motivate, and retain highly qualified NEOs, who are critical to our success. We strongly believe that our executive compensation — both pay opportunities and pay actually realized — should be tied to Company performance. Under our compensation programs, the NEOs are rewarded for the achievement of specific annual and longer-term strategic and financial goals of the Company. Some key aspects of our compensation programs that you should consider are:

| • |     | NEO compensation is evaluated and determined by our C&L Committee, which is comprised entirely of independent directors. This committee utilizes the services of an independent consultant to advise them on matters of executive compensation. |

| • |     | Our executive compensation program is designed to implement core compensation principles, including alignment with stockholders’ interests, long-term value creation, and pay-for-performance. A significant portion of pay is at risk or variable where the amount realized will be dependent on achievement of financial targets or, in the case of certain time-vested equity awards, the value of the Company’s stock. |

| • |     | A mix of annual and long-term incentive programs creates a balance between short-term and long-term focus, reducing risk in the compensation programs. |

| • |     | Our equity-based, long-term incentive awards include a combination of stock options, time-based stock awards, and performance-based stock awards. |

In addition, we have responsible compensation practices that ensure consistent leadership and decision-making, certain of which are intended to mitigate risk. These include:

| • |     | Stock ownership guidelines designed to align the directors’ and executives’ long-term financial interests with those of our stockholders. |

| • |     | Prohibition of hedging of the Company’s stock for both directors and executive officers. |

Paychex, Inc. 2025 Proxy Statement •28

| Say-on-Pay