Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 18

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 18
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 |          |     |    39,358 |
| Theresa M. Payton     |     |          |     | 761 |     |          |     |     8,433 |
| Kevin A. Price        |     |          |     | 761 |     |          |     |    14,835 |
| Joseph M. Tucci       |     |          |     | 761 |     |          |     |    57,033 |
| Joseph M. Velli       |     |          |     | 761 |     |          |     |    57,033 |
| Kara Wilson           |     |          |     | 761 |     |          |     |    46,813 |

| (1) | As we previously disclosed, Mr. Flaschen retired from the board in October 2024. |

| (2) | As we previously disclosed, Mr. Golisano stepped down from the Board effective July 9, 2025. |

Other Compensation (Column (e)) The amount reported in this column reflects a retirement gift from the Company to Mr. Flaschen for his years of service on the Board. Deferred Compensation Plan We maintain a non-qualifiedand unfunded deferred compensation plan in which all independent directors are eligible to participate. Directors may elect to defer up to 100% of their Board cash compensation. The Company does not contribute to this plan. Gains and losses are credited based on the participant’s selection of a variety of designated investment choices, which the participant may change at any time. We do not match any participant deferral or guarantee a certain rate of return. The earnings on these investments are not above-market or preferential. During fiscal 2025, no directors other than Mr. Gibson deferred compensation under the plan. Benefits We reimburse each director for expenses associated with attendance at Board and committee meetings. Stock Ownership Guidelines The Board set stock ownership guidelines for our non-managementdirectors with a value of six times his or her annual Board retainer, not including any committee, committee chair, or lead independent director retainers. The ownership guidelines were established to provide long-term alignment with stockholders’ interests. The directors are expected to attain the ownership guideline within five years after the later of first becoming a director or the adoption of any increased guideline. Directors may not sell underlying stock received through time-based RSUs until their service on the Board is complete, except for those shares sold as necessary to satisfy tax obligations. For the purpose of achieving