Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 54

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 54
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| Gartner, Inc.                        |     | WEX, Inc.                        |

Paychex, Inc. vs. Peer Group

| (1) | Based on the completed fiscal year 2024 results of Paychex and each Peer-Group company. |

Paychex, Inc. 2025 Proxy Statement •46

| CD&A |

The C&L Committee annually reviews and approves the selection of Peer Group companies, adjusting the group from year to year based upon our business and changes in the Peer Group companies’ business or the comparability of their metrics. The Peer Group may also be adjusted in the event of mergers, acquisitions, or other significant economic changes. The Peer Group used to determine fiscal 2025 compensation was not adjusted from the prior year. The Compensation & Leadership Committee Report The C&L Committee has reviewed and discussed the Compensation Discussion and Analysis included in the proxy statement with management. Based on such review and discussion, the C&L Committee recommends to the Board that the Compensation Discussion and Analysis be included in the proxy statement and the Company’s Form 10-Kfor fiscal 2025. The Compensation & Leadership Committee: Joseph G. Doody, Chair Pamela A. Joseph Joseph M. Tucci Joseph M. Velli Paychex, Inc. 2025 Proxy Statement •47

NAMED EXECUTIVE OFFICER COMPENSATION Fiscal 2025 Summary Compensation Table The table below presents the total compensation for each of the NEOs.

| Name and Principal Position (a)  |     |      |      | Fiscal Year (b) |     |   |         |         | Salary (c) |     |   |           |           | Stock Awards (d) |     |   |           |           | Option Awards (e) |     | Non-Equity Incentive Plan Compensation 
 (f)                                    |           |         |     | All Other Compensation (g) |        |        |     |   |           |           | Total  (h) |
|:---------------------------------|:----|-----:|-----:|:----------------|:----|:--|--------:|--------:|:-----------|:----|:--|----------:|----------:|:-----------------|:----|:--|----------:|----------:|:------------------|:----|:---------------------------------------|----------:|--------:|:----|:---------------------------|-------:|-------:|:----|:--|