Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 54

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 54
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4, in connection with his promotion to the position of Co-Chief Executive Officer, and (ii) RSUs and PSUs granted to Mr. Thomas on March 1, 2024. The amount reported includes the value of PSUs assuming achievement of performance conditions at the highest level. In connection with his resignation in May 2024, Mr. Thomas forfeited all outstanding unvested equity awards, including all equity awards granted in 2024, except for 2,000 RSAs for which vesting was accelerated. |

| (14) | In accordance with SEC guidance, the amount presented represents the amount that would have been payable to Mr. Thomas under the Annual Incentive Plan for the 2024 performance period. Mr. Thomas was not eligible to receive a payout under the Annual Incentive Plan due to his resignation effective May 29, 2024. |

| (15) | Consists of (i) $327,180 attributable to accelerated vesting of RSAs, (ii) $812,876 of severance, (iii) $7,632 in Company contributions to a 401(k) plan for the benefit of Mr. Thomas and (iv) a retainer for a supplemental medical plan. |

| (16) | Ms. Faurot served as Chief Sales Officer from April 2021 to April 2024. Ms. Faurot transitioned to a non-employee consulting role in April 2024. |

| (17) | This amount represents the aggregate grant date fair value of RSUs and PSUs granted to Ms. Faurot on March 1, 2024. The amount reported includes the value of PSUs assuming achievement of performance conditions at the highest level. In connection with her transition to a non-employee consulting role in April 2024, Ms. Faurot forfeited all outstanding unvested equity awards, including all equity awards granted in 2024, except for 3,000 RSAs for which vesting was accelerated. |

| (18) | In accordance with SEC guidance, the amount presented represents the amount that would have been payable to Ms. Faurot under the Annual Incentive Plan for the 2024 performance period. Ms. Faurot was not eligible to receive a payout under the Annual Incentive Plan due to her transition to a non-employee consulting role in April 2024. |

| (19) | Consists of (i) $593,250 attributable to