Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 42

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 42
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 or will vest as follows, subject to continued service through the applicable vesting date: (i) 6,375 shares on each of February 5, 2025, 2026 and 2027; and (ii) 18,375 shares on February 5, 2028. The RSAs were intended to provide immediate alignment of Mr. Peck’s incentives with those of our stockholders and to provide strong incentive and retentive value. 49

Amy Vickroy Walker Equity Awards In late December 2023 and February 2024, prior to her appointment as Executive Vice President of Sales effective April 1, 2024, Ms. Walker was granted equity incentive awards consisting of RSAs and PSAs. In connection with her promotion, the Committee determined that it was appropriate to cancel the PSAs granted to Ms. Walker in her prior role and to grant to Ms. Walker an award of PSUs that more closely aligned with the PSUs awarded to other NEOs in 2024. The replacement award granted to Ms. Walker consisted of 4,000 target PSUs eligible to vest as follows:

| Metric  |                           | Performance Level |      | Payout     
 Percentage |
| Revenue |                           | < $1,860 MM       |      | 0%         |
|         | ≥ $1,860 MM / < $1,870 MM |                   | 75%  |            |
|         | ≥ $1,870 MM / < $1,885 MM |                   | 100% |            |
|         | ≥ $1,885 MM               |                   | 125% |            |

In addition, consistent with our typical cycle for equity incentive awards to members of our sales organization who qualify for “President’s Club”, Ms. Walker received an additional grant of 1,482 RSAs in May 2024, in recognition of her contributions to the sales organization in her prior role. Chris G. Thomas Equity Awards On February 7, 2024, the Board of Directors appointed Mr. Thomas as Co-ChiefExecutive Officer. In connection with his promotion, the Committee approved the grant of the following equity awards to Mr. Thomas, which were intended to provide immediate alignment of Mr. Thomas’s incentives with those of our stockholders and to provide strong incentive and retentive value: (i) an award of 17,209 RSUs, vesting over three years with approximately 24% vesting in the first year, approximately 24%