Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 72

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 72
---
 awards granted in a prior year that vested during the most recent fiscal year |     |      |   |     55,252 |   |
| Value of dividends or other earnings paid on equity awards not otherwise included                                                                                                           |     |      |   |     53,597 |   |
| Compensation Actually Paid                                                                                                                                                                  |     |      | $ |  6,848,997 |   |

| (3) | The amounts shown for CAP have been calculated in accordance with Item 402(v) of RegulationS-Kand do not reflect the actual compensation realized or received by our NEOs. |

<div align='center'>Paychex, Inc. 2025 Proxy Statement •61</div>

| NEO Compensation |

| (4) | The Peer Group TSR set forth in this table utilizes the Company’s peer group used for executive compensation market comparative purposes which was also utilized in the stock performance graph required by Item 201(e) of RegulationS-Kincluded in our Form10-K. |

| (5) | Operating income, net of certainitemsis anon-GAAPmeasure. Refer to “Paychex, Inc.Non-GAAPFinancial Measures” in Appendix A of this proxy statement for a discussion of thisnon-GAAPmeasure and a reconciliation to the most comparable GAAP measure of operating income. |

Pay Versus Performance Relationships The following chart sets forth the relationship between CAP to our PEOs, the average of CAP to our Non-PEONEOs, and the Company’s cumulative TSR over the five most recently completed fiscal years. In addition, the following chart compares the Company’s cumulative TSR over the five most recently completed fiscal years to that of the Company’s fiscal 2025 Peer Group. Paychex, Inc. 2025 Proxy State ment •62

| NEO Compensation |

The following chart sets forth the relationship between CAP to our PEOs, the average of CAP to our Non-PEONEOs, and the Company’s consolidated Net Income during the five most recently completed fiscal years. The following chart sets forth the relationship between CAP to our PEOs, the average of CAP to our Non-PEONEOs, and the Company’s Operating Income, Net of Certain Items during the five most recently completed fiscal years. Paychex, Inc. 2025 Proxy Statement •63

| NEO Compensation |

**Tabular List**

The following list presents the financial performance measures that the Company consider s to have been the most important in linking CAP to our PEOs and Non-PEO NEO