Paychex DEF 14A: Executive Compensation Details Released

Ticker: PAYX · Form: DEF 14A · Filed: Aug 30, 2024 · CIK: 723531

Sentiment: neutral

Topics: executive-compensation, DEF14A, stock-awards, option-awards

Related Tickers: PAYX

TL;DR

Paychex exec comp details out: stock, options, dividends for Mucci & Gibson. See how they're paid.

AI Summary

Paychex Inc. filed its DEF 14A on August 30, 2024, detailing executive compensation for the fiscal year ending May 31, 2024. The filing includes information on stock and option awards granted to key executives such as Martin Mucci and John B. Gibson, along with the value of dividends paid on equity awards. It also outlines the change in fair value of equity awards from the prior fiscal year to the vesting date.

Why It Matters

This filing provides transparency into how Paychex Inc. compensates its top executives, which can influence investor perceptions of management alignment and company performance.

Risk Assessment

Risk Level: low — This is a routine annual filing detailing executive compensation and does not present new or unusual risks.

Key Numbers

Key Players & Entities

FAQ

What was the total compensation for Martin Mucci for the fiscal year ending May 31, 2024?

The filing does not explicitly state the total compensation for Martin Mucci in a single figure, but details stock and option awards granted during the fiscal year and their value.

What types of equity awards were granted to John B. Gibson during the fiscal year ending May 31, 2024?

The filing indicates that Stock Awards and Option Awards were granted to John B. Gibson during the fiscal year ending May 31, 2024.

Does the filing provide information on dividends paid on executive equity awards?

Yes, the filing includes information on the value of dividends or other earnings paid on equity awards not otherwise included, specifically mentioning John B. Gibson.

What is the filing date of this DEF 14A for Paychex Inc.?

The DEF 14A filing for Paychex Inc. was filed on August 30, 2024.

What is the fiscal year end date for the compensation data presented in this filing?

The fiscal year end date for the compensation data presented in this filing is May 31, 2024.

Filing Stats: 4,424 words · 18 min read · ~15 pages · Grade level 13 · Accepted 2024-08-30 08:00:47

Key Financial Figures

Filing Documents

: Gender Identity

Part I: Gender Identity Directors 3 8

: Demographic Background

Part II: Demographic Background African American or Black — 1 White 3 7 Paychex, Inc. 2024 Proxy Statement 7 Table of Contents Election of Directors Martin Mucci — Chairman of the Board of Paychex, Inc. Director since 2010 Current Public Company Directorships: Cintas Corporation Prior Public Company Directorships (Past Five Years): NCR Corporation Age: 64 Board Committees: Executive (Chair) Mr. Mucci is Chairman of the Board of Directors of the Company. He served as President and Chief Executive Officer ("CEO") of the Company from September 2010 until December 2021 and as Chairman of the Board and CEO of the Company from December 2021 until October 2022 when he retired from service as CEO. Mr. Mucci joined the Company in 2002 as Senior Vice President ("SVP"), Operations. Prior to joining Paychex, he held senior level positions with Frontier Communications of Rochester, a telecommunications company, including President of Telephone Operations and CEO of Frontier Telephone of Rochester, over the course of his 20-year career. Mr. Mucci currently serves on the board of Cintas Corporation, a leading provider of uniform rental, facility services, first aid, and safety products to over one million businesses of all types and sizes. He is also a member of the Business and Government Software and Services Advisory Team for Madison Dearborn Partners. Mr. Mucci was a member of the Board of Directors of NCR Corporation, a software, consulting and technology company, until it was split into two separate companies in October 2023. Mr. Mucci was a member of the Board of Directors of Cbeyond, Inc., a telecommunications company focused on small businesses, until it was purchased by Birch Communications in July 2014. He is a Trustee Emeritus of St. John Fisher College. SPECIFIC QUALIFICATIONS AND SKILLS: The Board has concluded that Mr. Mucci is qualified to lead the Board due to his experience providing day-to-day leadership as the former President an

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