Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 28

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 28
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 pay-for-performancecompensation program that is competitive to attract best-in-industrytalent, motivates executives to deliver stretch performance results and rewards individual contributions that drive our ability to deliver sustained stockholder value. Mr. Richison’s 2024 target compensation was again limited to base salary and annual cash bonus, consistent with prior years since 2021 and significantly below market benchmarks for comparable roles. Additionally, his 2020 CEO Performance Award (as defined below) was forfeited in full in 2024, with no portion of the award realized. Average 2024 total reported compensation for non-CEO NEOs decreased 70% compared to 2023 total reported compensation levels. Equity compensation for continuing non-CEONEOs in 2024 reflected an equal split between performance- and service-based awards, whereas 2023 equity compensation reflected a one-timeaction the Committee deemed essential to promote continuity of our leadership team, increase the retentive value of outstanding awards amid a highly competitive talent market environment in the SaaS industry, foster alignment with our stockholders and focus executives on our strategic priorities during a period of several executive leadership team transitions. 2024 incentive plan payouts aligned with performance, reflecting robust annual revenue growth on a one-yearbasis and forfeiture of 2022 PSUs associated with three-year total stockholder return (“TSR”) performance, consistent with our stockholder experience. This marked the second consecutive year of full forfeiture of three-year PSUs. The Committee maintained a consistent compensation structure for 2025. In February 2025, the Committee approved 2025 target equity incentive opportunities for our current executive officers, which generally reflect an equal split of performance- and time-based equity awards. The table below sets forth the components of 2025 total target compensation for each current executive officer.

| Name               |            | 2025 Base Salary 
              ($) |            | Annual Incentive |     |         |     | PSUs   ($, at target) |     |  RSUs ($) |     |           Stock 
 Awards(1)   ($) |     |     Total Target 
 Compensation ($) |
|                    | Target (%) |                  | Target ($) |                  |     |         |     |                       |     |           |     |                 |     |                  |
| Chad Richison      |            |          865,280 |            | 100%             |     | 865,280 |     |             9,000,000 |     | 9,000