Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 73

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 73
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 and (iv) PSUs with vesting tied to achievement of total revenue performance goals. To estimate the fair value of the PSAs, we considered the historical performance for the Company over the realized performance period, and then simulated the stock prices for the Company over the remaining performance period. We considered the risk-free rates as of the measurement dates and the equity volatilities for the Company as of the measurement dates using an approach consistent with the grant date fair value analysis.

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| (3) | For 2024, thenon-PEONEOs were Mr. Boelte, Mr. Smith, Mr. Peck, Ms. Walker, Mr. Clark and Ms. Faurot. For 2023, thenon-PEONEOs were Messrs. Boelte, Thomas, Smith and Clark and Ms. Faurot. For 2022, thenon-PEONEOs were Messrs. Boelte and Smith, Jon Evans, Justin Long and Ms. Faurot. For 2021, thenon-PEONEOs were Messrs. Boelte, Smith and Evans, Jeff York and Ms. Faurot. For 2020, thenon-PEONEOs were Messrs. Boelte, Smith, Evans and York. The amounts reported in this column represent the average of the amounts reported in the “Total” column of the Summary Compensation Table for thenon-PEONEOs in the applicable year. |

| (4) | The amounts reported in this column reflect the Company’s cumulative TSR as of December 31 of each year presented, assuming an initial fixed $100 investment on December 31, 2019. |

| (5) | The amounts reported in this column reflect the cumulative TSR of the S&P 500 Software & Services Index as of December 31 of each year presented, assuming an initial fixed $100 investment on December 31, 2019. |

| (6) | We defineadjusted EBITDAas net income plus interest expense, taxes, depreciation and amortization,non-cashstock-based compensation expense, certain transaction expenses that are not core to our operations (if any), the change in fair value of our interest rate swap (if any) and loss on the extinguishment of debt (if any). |

The following chart shows, for the years ended December 31, 2020, 2021, 2022, 2023 and 2024,the relationship between