Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 61

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 61
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     | 9,366 |
| Mark A. Bottini    |     |                                  |     | 10,386 |     |        |     |  8,569 |     |        |     |   987 |
| Michael E. Gioja   |     |                                  |     | 10,952 |     |        |     |  9,038 |     |        |     | 1,042 |

The market value displayed is based on the number of shares or units that have not vested multiplied by $157.91, the closing price of the Company’s common stock as of May 30, 2025. Total dividends or dividend equivalents on the stock awards that have not vested as of May 31, 2025, were as follows: Mr. Gibson—$210,020; Mr. Schrader—$38,017; Mr. Ante—$72,634; Mr. Bottini—$67,460; and
Mr. Gioja—$71,231. The grant-date fair value for stock awards incorporates expected dividends or dividend equivalents. Paychex, Inc. 2025 Proxy Statement •54

| NEO Compensation |

Equity Incentive Plan Awards: Unearned Shares, Units or Other Rights That Have Not Vested (Columns (k) and (l)) The stock awards in these columns represent performance-based RSUs granted in July 2024 (to the NEOs, except Mr. Ante, who joined the Company in April 2025) and May 2025 (for Mr. Ante) and assume performance at the target level. For performance-based RSUs granted in July 2024 (to the NEOs, except for Mr. Ante who joined the Company in April 2025), RSUs earned will be determined at the end of the three-year performance period ending May 31, 2027 and will then vest on the third anniversary of the date of grant. For the performance-based RSUs granted in May 2025 (to Mr. Ante), RSUs will be determined at the end of the three-year performance period ending May 31, 2028 and will then vest on July 15, 2028. The market value displayed is based on the number of shares at target multiplied by $157.91, the closing price of the Company’s common stock as of May 30, 2025. Potential Payments Upon Termination or Change in Control Fiscal 2025 Change in