Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 70

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 70
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 withdrawn from the plan and have been included in the “Salary” and “Non-EquityIncentive Plan Compensation” amounts reported in the Summary Compensation Tables for previous years. Aggregate Balance as of May 31, 2025 (Column (e)) The amounts in this column reflect the accumulated balances in the plan and include the “Salary” and “Non-EquityIncentive Plan Compensation” deferred amounts reported in current and previous years in the Fiscal 2025 Summary Compensation Table. CEO Pay Ratio Pursuant to Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K,we are required to provide the ratio of the annual total compensation of Mr. Gibson, our CEO, to the annual total compensation of our median employee. To identify our median employee for fiscal 2025, we took the following steps:

| • |     | We identified our global employee population of approximately 15,400 employees, excluding our CEO, who were employed by us on March 1, 2025. Approximately 88% of our employees are located in the U.S. and 12% are located in jurisdictions outside the U.S. We included all employees, whether employed on a full-time, part-time, or seasonal basis; |

| • |     | As permitted by the SEC’s “de minimis” exemption, we adjusted our global employee population to exclude all employees from certain jurisdiction outside of the U.S. (238 in Germany and 228 in Denmark); |

Paychex, Inc. 2025 Proxy Statement •59

| NEO Compensation |

In April 2025, we completed the acquisition of Paycor, a leading provider of HR, payroll, and talent software. As a result of this acquisition, approximately 2,700 employees from Paycor became our employees. As permitted by the transition periods exception within the SEC rules, we have elected to omit these employees from our pay ratio calculation for fiscal 2025. We anticipate that these employees will be included in the total employee count in future calculations. We calculated total annual compensation for fiscal 2025 for the median employee using the same methodology we used for our CEO as set forth in the 2025 Summary Compensation Table in this proxy statement. The table below sets forth comparative information regarding: (A) the total annual compensation of our CEO for fiscal 2025; (B) the median of the total annual compensation of all other employees of the Company, excluding employees of certain non-U