Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 67

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 67
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 |                                    |   | — |     |            |   | 3,321,163 |     |            |   | 2,827,852 |     |             |   | 3,321,163 |
| Performance-Based Stock Awards(6) |     |              |   |           |     |                                    |   | — |     |            |   | 1,233,435 |     |            |   |         — |     |             |   | 1,233,435 |
| Benefits(7)                       |     |              |   |           |     |                                    |   | — |     |            |   |         — |     |            |   |         — |     |             |   |    33,517 |
| Total                             |     |              | $ | 2,846,311 |     |                                    | $ | — |     |            | $ | 6,491,531 |     |            | $ | 4,007,004 |     |             | $ | 7,781,797 |

| (1) | The amounts in this column are the total reported compensation for fiscal 2025 per the Fiscal 2025 Summary Compensation Table presented earlier in this proxy statement. These amounts are provided for comparative purposes only. |

| (2) | Base salary is the annual salary at a multiple as outlined in the Change in Control Plan; 2.0 for Mr. Gibson; and 1.5 for Messrs Schrader, Bottini, and Gioja. |

| (3) | For death or disability and retirement, the value for the annual incentive is the amount earned as of May 31, 2025. For termination other than for cause or resignation for good reason within one year of a change in control, the value for the annual incentive is the incentive at target at a multiple as outlined in the Change in Control Plan; 2.0 for Mr. Gibson; and 1.5 for Messrs Schrader, Bottini, and Gioja. |

| (4) | The value of the unvested stock option awards is determined by the difference in the closing price of the Company’s common stock of $157.91 per share as of May 30, 2025, and the exercise price multiplied by the number of unvested options. |

| (5) | The value of unvested time-based stock awards is based upon the closing price of the Company’s