Company: PAYX
Filing Date: 2025-09-30
Form Type: 10-Q
Source: 0001193125-25-224997
Chunk: 2

Company: PAYCHEX INC
Filing Date: 2025-09-30
Form: 10-Q
Item: Part II, Item 2
Chunk 2
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The Company maintains a program to repurchase up to $400.0 million of the Company’s common stock with authorization that expires on May 31, 2027. The purpose of this program is to manage common stock dilution. Shares repurchased under this program during the first quarter were as follows:

     In millions, except per share amounts
      
     Totalnumberof sharespurchased

     Averageprice paidper share

     Total dollars

     Approximate dollar valueof shares that may yet bepurchased underthe programs

     June 1, 2025 - June 30, 2025
      
     $
      
     0.3

     $
      
     144.69

     $
      
     36.2

     $
      
     259.8

     July 1, 2025 - July 31, 2025

     0.8

     146.00

     123.9

     $
      
     135.9

     August 1, 2025 - August 31, 2025

     —

     —

     —

     $
      
     135.9

     Total for the period

     1.1

     $
      
     145.59

     $
      
     160.1

     $
      
     135.9

Item 5. Other Information

During the first quarter, none of our directors or officers (as defined by Rule 16a-1 under the Exchange Act), adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act or any “non-Rule 10b5-1 trading arrangement” (as defined by Item 408(c) of Regulation S-K).

Item 6. Exhibits

INDEX TO EXHIBITS

     Exhibitnumber
     Description

     #
     10.1
     Employment Agreement between Paychex, Inc. and Michael Gioja, dated as of July 8, 2025, incorporated herein by reference from Exhibit 99.1 to the Company’s Form 8-K filed with the Commission on July 14, 2025.

     *
     31.1
     Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

     *
     31.2