Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 47

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 47
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 with a change in control, absent a subsequent termination of service. If the NEO is terminated without cause (as defined in the applicable award agreement) or the NEO terminates his or her employment for good reason (as defined in the applicable award agreement) in connection with or during the 12-monthperiod following the consummation of a change in control but prior to the applicable vesting date, the unvested PSUs will become fully vested as of the date of such termination of service. Pursuant to the 2023 LTIP, if the PSUs are not assumed in connection with a change in control, all outstanding PSUs will vest in connection with such change in control, as follows: (i) if the payout level has been determined (or is determinable) as of such change in control, such award shall be payable in full in accordance with the payout schedule set forth in the award agreement; and (ii) if the payout level is undeterminable, the award shall be pro-ratedbased on the time elapsed in the applicable performance period between the date of grant and the change in control and paid at the target payout level in accordance with the payout schedule set forth in the award agreement. Stock Ownership Guidelines The Board of Directors has established minimum stock ownership guidelines for the executive officers. Under these guidelines, each executive officer is required to own shares of Common Stock (including unvested RSAs and shares underlying unvested RSUs) with a value equal to a multiple of his or her base salary in effect at the time of the calculation, as presented in the table below.

| Executive Officer        |     | Multiple of Base Salary Requirement |
| Chief Executive Officer  |     | 6x                                  |
| Other Executive Officers |     | 3x                                  |

Executive officers who were serving as executive officers as of September 25, 2021 are required to achieve compliance with these guidelines by September 25, 2026. Executive officers appointed since September 25, 2021 and future executive officers are required to achieve compliance with these guidelines within five years of becoming an executive officer. Each executive officer’s ownership level was initially calculated as of July 1, 2023 (or if an executive officer was elected or appointed after July 1, 2023, as of the date of his or her appointment). If the executive officer does not meet the required compliance level as of such measurement date, the executive officer’s ownership level is re-calculated annually on July 1 stuntil the compliance level is attained. Once