Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 39

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 39
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 officers based on its evaluation of the following factors, among others:

| › | recent vesting events; |

| › | value of equity awards that have previously vested; |

| › | value of and vesting conditions for unvested equity awards that remain outstanding; |

| › | general market and economic conditions; |

| › | our need to retain executive officers in light of changes in the competitive environment; and |

| › | trends among our competitors and peers with respect to equity compensation practices. |

2024 Equity Awards Overview On March 25, 2024, the Committee approved equity incentive award grants to then-serving NEOs (except Mr. Richison) pursuant to the 2023 LTIP, consisting of performance- and time-based incentives allocated equally among PSUs and RSUs. As was the case in 2021, 2022 and 2023, Mr. Richison did not receive any equity incentive awards in 2024. As discussed below under the heading “— 2020 CEO Performance Award,” the 2020 CEO Performance Award was forfeited in full in February 2024. In approving the 2024 annual equity incentives, the Committee considered, among several factors, feedback provided by our stockholders, the market and peer data for named executive officer annual equity incentive opportunities based on each role and associated scope of responsibilities, the fair value of outstanding equity awards and the highly competitive market for executive talent in our industry. In response to stockholder feedback, the award levels were designed to more closely align with the competitive peer data for similar roles, while allowing for individual variation based on executive officer performance and other evaluation factors outlined above. The Committee approved a PSU award to Ms. Walker in connection with her appointment as Executive Vice President of Sales effective April 1, 2024. Ms. Walker also received RSAs in 2024, based on contributions in her prior role. See “—Amy Vickroy Walker Equity Awards” below for additional information. The Committee approved Mr. Peck’s annual target equity incentive awards in connection with his appointment as Chief Operating Officer, effective May 30, 2024.

| Name(1)               |     | Target Total Grant 
          Value ($) |     | Target PSU Value 
              ($) |     | Target RSU Value 
              ($) |
| Craig E. Boelte       |     |          2,666,666 |     |        1,333,333 |     |        1,333,333 |
| Bradley S.