Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 55

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 55
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      |                 |     | $ | 571,154 |         |            |     | $ | 1,330,021 |           |                  |     | $ |   570,001 |           |                   |     | $                                      |   353,375 |         |     | $                          | 11,500 |        |     | $ | 2,836,051 |           |            |
|                                  |     | 2023 |      |                 |     | $ | 546,692 |         |            |     | $ | 1,190,034 |           |                  |     | $ |   510,005 |           |                   |     | $                                      |   722,284 |         |     | $                          | 17,363 |        |     | $ | 2,986,378 |           |            |

Salary (Column (c)) The amounts reported in this column reflect the base salary paid to the NEOs during the fiscal year. Mr. Ante joined the Company in April 2025. For fiscal 2024, there were 27 bi-weeklypay periods paid compared to 26 bi-weeklyperiods in fiscal 2025 and 2023. Stock Awards (Column (d)) The amounts in this column reflect the aggregate grant-date fair value of time-based stock awards and performance-based stock awards granted during the respective fiscal years and were computed in accordance with FASB ASC Topic 718. The amounts do not reflect whether the recipient has actually realized a financial gain from such awards (such as a lapse in the restrictions on a stock award). The grant-date fair value per share of the fiscal 2025 performance-based stock award that included performance conditions and a market condition was calculated using a Monte Carlo simulation. The grant-date fair value per share of the fiscal 2025, 2024 and 2023 performance-based stock awards, that only included performance conditions, and all time-based stock awards were determined based on the closing price of the underlying common stock on the date of grant, adjusted for the present value of expected dividends over the applicable performance period for performance-based stock awards. For additional information about the assumptions used in these calculations for fiscal 2025, see Note F, “Stock-Based Compensation Plans,” to our audited consolidated financial statements for fiscal 2025, included in our Form 10-K. Paychex, Inc. 2025 Proxy Statement •48

| NEO Compensation |

Performance-based stock awards are