Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 52

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 52
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uses were determined in accordance with the terms of the Annual Incentive Plan. Mr. Thomas and Ms. Faurot did not receive payouts under the Annual Incentive Plan due to their respective separations from the Company in 2024. See “Compensation Discussion and Analysis—Cash Compensation” for additional information. |

| (3) | This amount consists of (i) $525,813 for Mr. Richison’s non-Company use of private aircraft, in accordance with the terms of his employment agreement, (ii) $568,207 for Mr. Richison’s personal and home security, in accordance with the terms of his employment agreement, (iii) $6,155 (in lieu of lease payments) attributable to depreciation of a vehicle purchased by the Company, recognized over the vehicle’s remaining useful life, (iv) $9,000 in country club dues, (v) $12,075 in Company contributions to a 401(k) plan for the benefit of Mr. Richison and (vi) a retainer for a supplemental medical plan. The incremental cost for personal use of private aircraft was calculated based on the total personal travel flight hours, up to 75 hours, multiplied by the estimated hourly aircraft operating costs (including variable fuel charges and a pro-rated portion of a monthly management fee). When using private aircraft for business travel, if space allows, we permit Mr. Richison to bring family members or guests along on the trip. Because we pay for such use of private aircraft based on the flight hours regardless of the |

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| passenger load, the aggregate incremental cost to us for the additional passengers is de minimis. See “Compensation Discussion and Analysis—Other Compensation Components and Considerations—Perquisites and Other Personal Benefits” and “—Employment Agreements and Arrangements.” |

| (4) | This amount represents the aggregate grant date fair value of RSUs and PSUs granted to the NEO on March 1, 2024. The amount reported includes the value of the applicable NEO’s PSUs assuming achievement of performance conditions at the highest level. |

| (5) | This amount consists of (i) $24,000 in automobile lease payments, (ii) $12,075 in Company contributions to a 401(k) plan and (iii) a retainer for a supplemental medical plan for the benefit of Mr. Boelte. |

| (6) | This amount consists of (i) $10,759 in Company contributions to a 401