Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 15

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 15
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 consisting entirely of independent directors, has primary responsibility for reviewing and considering any revisions to director compensation. Periodically, the Compensation Committee has reviewed director compensation with assistance from its independent compensation consultant, including conducting benchmarking against the Company’s peer group to help assess the appropriateness and competitiveness of our non-employeedirector compensation program. The Board of Directors reviews the Compensation Committee’s recommendations, discussing those recommendations among themselves, and determines the amount of director compensation. Historically, our philosophy is to align target total non-employeedirector compensation, including cash and equity, to be in a competitive range of our peer group. Director Compensation in 2024 In 2024, the compensation package for non-employeedirectors consisted of (i) annual compensation for service as a director and as a member or chairperson of any committee(s), payable in cash in four quarterly installments (the “Director Cash Compensation”), and (ii) an award under the Paycom Software, Inc. 2023 Long-Term Incentive Plan (the “2023 LTIP”) of time-based restricted stock (“RSAs”) with an aggregate fair market value of $235,000 (based on the closing price of the Common Stock on the date of grant, but rounded down to the nearest whole share to avoid the issuance of fractional shares) (the “Director Equity Compensation”). All directors are also entitled to reimbursement for their reasonable out-of-pocketexpenditures incurred in connection with their service. The Director Cash Compensation is summarized below.

| Recipient(s)                                                                  |     | 2024 Annual  
 Cash         
 Compensation 
 ($)          |     |        |
| Non-employee directors                                                        |     |              |     | 75,000 |
| Lead Independent Director                                                     |     |              |     | 25,000 |
| Audit Committee chairperson                                                   |     |              |     | 30,000 |
| Audit Committee members (excluding chairperson)                               |     |              |     | 15,000 |
| Compensation Committee chairperson                                            |     |              |     | 23,000 |
| Compensation Committee members (excluding chairperson)                        |     |              |     | 13,000 |
| Nominating and Corporate Governance Committee chairperson                     |     |              |     | 15,000 |
| Nominating and Corporate Governance Committee members (excluding chairperson) |     |              |     | 10,000 |

With respect to Director Equity Compensation, the RSAs were granted on the date of the