Paychex insider activity
What the executives and directors of Paychex actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
−$3.6M
net open-market flow, 12 m
2 open-market buys, 12 m
0%
of sale value on 10b5-1 plans, 12 m
229 days since an insider bought, whole record
The tape: three years of insider trades
Open-market buy
Discretionary sale
Planned sale (10b5-1)
Reported-price path
Routine
Every marker sits at the price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 141 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| Sep 1, 2026 | GOLISANO B THOMAS | 334 |
| Aug 14, 2026 | Simmons Christopher C | 130 |
| Jul 17, 2026 | MUCCI MARTIN | 387K |
| Jul 15, 2026 | Gibson John B | 28K |
| Jul 15, 2026 | Schrader Robert L. | 6,746 |
| Jul 15, 2026 | BERGSTROM RYAN NORMAN | 3,712 |
| Jul 15, 2026 | ANTE ADAM BROOKS | 3,708 |
| Jul 15, 2026 | Roaldsen Elizabeth | 2,383 |
| Jul 15, 2026 | Simmons Christopher C | 2,990 |
| Jul 15, 2026 | Argiropoulos Mason | 2,568 |
| Jul 15, 2026 | Bhandari Prabha S | 282 |
| Jul 15, 2026 | Parodi Chad C | 3,027 |
| Jul 1, 2026 | BERGSTROM RYAN NORMAN | 2,090 |
| Jul 1, 2026 | ANTE ADAM BROOKS | 2,678 |
| Jun 26, 2026 | TUCCI JOSEPH M | 17K |
| Jun 1, 2026 | GOLISANO B THOMAS | 1,032 |
| May 8, 2026 | VELLI JOSEPH M | 10K |
| May 6, 2026 | GOLISANO B THOMAS | 273K |
| Apr 15, 2026 | Argiropoulos Mason | 79 |
| Apr 1, 2026 | BERGSTROM RYAN NORMAN | 1,374 |
| Apr 1, 2026 | ANTE ADAM BROOKS | 2,249 |
| Mar 3, 2026 | GOLISANO B THOMAS | 1,104 |
| Jan 30, 2026 | GOLISANO B THOMAS | 26K |
| Jan 23, 2026 | GOLISANO B THOMAS | 249K |
| Jan 15, 2026 | Parodi Chad C | 347 |
| Dec 31, 2025 | BERGSTROM RYAN NORMAN | 1,438 |
| Dec 31, 2025 | ANTE ADAM BROOKS | 1,811 |
| Dec 23, 2025 | MUCCI MARTIN | 8,277 |
| Dec 1, 2025 | GOLISANO B THOMAS | 923 |
| Nov 12, 2025 | GOLISANO B THOMAS | 447K |
| Oct 28, 2025 | GOLISANO B THOMAS | 200 |
| Oct 22, 2025 | GOLISANO B THOMAS | 302K |
| Oct 15, 2025 | JOSEPH PAMELA A | 725 |
| Oct 15, 2025 | DOODY JOSEPH | 725 |
| Oct 15, 2025 | TUCCI JOSEPH M | 725 |
| Oct 15, 2025 | VELLI JOSEPH M | 725 |
| Oct 15, 2025 | MUCCI MARTIN | 855 |
| Oct 15, 2025 | BONADIO TOM | 725 |
| Oct 15, 2025 | Gibson John B | 624 |
| Oct 15, 2025 | WILSON KARA | 725 |
| Oct 15, 2025 | Schrader Robert L. | 116 |
| Oct 15, 2025 | Price Kevin A | 725 |
| Oct 15, 2025 | Payton Theresa M. | 725 |
| Oct 15, 2025 | Roaldsen Elizabeth | 41 |
| Oct 15, 2025 | Simmons Christopher C | 38 |
| Oct 1, 2025 | BERGSTROM RYAN NORMAN | 6,781 |
| Oct 1, 2025 | ANTE ADAM BROOKS | 8,902 |
| Sep 2, 2025 | GOLISANO B THOMAS | 736 |
| Aug 15, 2025 | Simmons Christopher C | 296 |
| Jul 15, 2025 | MUCCI MARTIN | 22K |
| Jul 15, 2025 | JOSEPH PAMELA A | 164 |
| Jul 15, 2025 | DOODY JOSEPH | 164 |
| Jul 15, 2025 | TUCCI JOSEPH M | 164 |
| Jul 15, 2025 | VELLI JOSEPH M | 164 |
| Jul 15, 2025 | BONADIO TOM | 164 |
| Jul 15, 2025 | Gibson John B | 47K |
| Jul 15, 2025 | WILSON KARA | 164 |
| Jul 15, 2025 | Schrader Robert L. | 9,059 |
| Jul 15, 2025 | BERGSTROM RYAN NORMAN | 2,132 |
| Jul 15, 2025 | ANTE ADAM BROOKS | 2,132 |
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
The chart, in numbers
| Flow | Shares |
|---|---|
| From holdings | 1.3M |
| Granted | 39K |
| Vested / exercised | 235K |
| Bought on market | 2,000 |
| Other in | 164 |
| Withheld for tax | 220K |
| Discretionary sales | 35K |
| Gifts | 1.3M |
| Other out | 164 |
Skin in the game
Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
The chart, in numbers
| Insider | Start of the window | Latest reported | Indexed, start = 100 |
|---|---|---|---|
| GOLISANO B THOMAS | 38M | 36M | 95.1 |
| MUCCI MARTIN | 442K | 435K | 98.4 |
| Bottini Mark Anthony | 77K | 79K | 103.2 |
| VELLI JOSEPH M | 61K | 90K | 148 |
| TUCCI JOSEPH M | 53K | 67K | 126 |
Who holds what
the 14 largest holdings of 24| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| GOLISANO B THOMAS Last trade May 13, 2009 | 10% owner | 36M | – | – | May 13, 2009 | |
| MUCCI MARTIN Sr. Vice President Last trade Jul 14, 2026 | Officer | 436K | – | $2.7M | net selling over the year: 0 months buying, 1 month selling | Jul 14, 2026 |
| Bottini Mark Anthony Sr. VP of Sales Last trade Oct 16, 2024 | Officer | 128K | – | – | Oct 16, 2024 | |
| VELLI JOSEPH M Last trade Apr 15, 2025 | Director | 90K | – | – | Apr 15, 2025 | |
| TUCCI JOSEPH M Last trade Jun 26, 2026 | Director | 78K | – | $384K | net selling over the year: 0 months buying, 1 month selling | Jun 26, 2026 |
| Gibson John B President and CEO Last trade Jul 16, 2025 | CEO | 67K | – | – | Jul 16, 2025 | |
| Gioja Michael E Sr. Vice President Last trade Apr 3, 2025 | Officer | 56K | – | – | Apr 3, 2025 | |
| ANTE ADAM BROOKS Sr. Vice President, Paycor | Officer | 53K | – | – | – | |
| BERGSTROM RYAN NORMAN Chief Product Officer | Officer | 41K | – | – | – | |
| DOODY JOSEPH Last trade Feb 4, 2026 | Director | 25K | $99K | – | net buying over the year: 1 month buying, 0 months selling | Feb 4, 2026 |
| BONADIO TOM Last trade Feb 4, 2026 | Director | 22K | $99K | – | net buying over the year: 1 month buying, 0 months selling | Feb 4, 2026 |
| FLASCHEN DAVID J S Last trade Aug 24, 2024 | Director | 20K | – | – | Aug 24, 2024 | |
| Schrader Robert L. Sr. VP, CFO Last trade Jul 20, 2026 | CFO | 19K | – | $299K | net selling over the year: 0 months buying, 1 month selling | Jul 20, 2026 |
| JOSEPH PAMELA A Last trade Oct 11, 2019 | Director | 12K | – | – | Oct 11, 2019 |
Open-market trade log
the 60 most recent of 543| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Jul 20, 2026 | Schrader Robert L. (CFO) 2,600 shares $115.09 +0.0% since trade filed Jul 21, 2026 | Discretionary sale | 2,600 | $115.09 | $299K | +0.0% | Jul 21, 2026 |
| Jul 17, 2026 | Simmons Christopher C (Officer) 2,615 shares $115.92 −0.7% since trade filed Jul 17, 2026 | Discretionary sale | 2,615 | $115.92 | $303K | −0.7% | Jul 17, 2026 |
| Jul 14, 2026 | MUCCI MARTIN (Director) 25K shares $109.93 +4.7% since trade filed Jul 15, 2026 | Discretionary sale | 25K | $109.93 | $2.7M | +4.7% | Jul 15, 2026 |
| Jun 26, 2026 | TUCCI JOSEPH M (Director) 3,907 shares $98.25 +17.1% since trade filed Jun 30, 2026 | Discretionary sale | 3,907 | $98.25 | $384K | +17.1% | Jun 30, 2026 |
| May 13, 2026 | Roaldsen Elizabeth (Officer) 459 shares $90.00 +27.9% since trade filed May 15, 2026 | Discretionary sale | 459 | $90.00 | $41K | +27.9% | May 15, 2026 |
| Feb 4, 2026 | DOODY JOSEPH (Director) 1,000 shares $98.76 +16.5% since trade filed Feb 5, 2026 | Open-market buy | 1,000 | $98.76 | $99K | +16.5% | Feb 5, 2026 |
| Feb 4, 2026 | BONADIO TOM (Director) 1,000 shares $98.50 +16.8% since trade filed Feb 5, 2026 | Open-market buy | 1,000 | $98.50 | $99K | +16.8% | Feb 5, 2026 |
| Jul 16, 2025 | Gibson John B (CEO) 12K shares $141.92 −18.9% since trade filed Jul 17, 2025 | Discretionary sale | 12K | $141.92 | $1.8M | −18.9% | Jul 17, 2025 |
| Jul 16, 2025 | Schrader Robert L. (CFO) 3,160 shares $140.63 −18.2% since trade filed Jul 17, 2025 | Discretionary sale | 3,160 | $140.63 | $444K | −18.2% | Jul 17, 2025 |
| Jul 16, 2025 | Simmons Christopher C (Officer) 1,843 shares $140.98 −18.4% since trade filed Jul 17, 2025 | Discretionary sale | 1,843 | $140.98 | $260K | −18.4% | Jul 17, 2025 |
| Jul 10, 2025 | MUCCI MARTIN (Director) 98K shares $145.17 −20.7% since trade filed Jul 11, 2025 | Discretionary sale | 98K | $145.17 | $14M | −20.7% | Jul 11, 2025 |
| Apr 15, 2025 | VELLI JOSEPH M (Director) 3,650 shares $149.25 −22.9% since trade filed Apr 16, 2025 | Discretionary sale | 3,650 | $149.25 | $545K | −22.9% | Apr 16, 2025 |
| Apr 3, 2025 | Gioja Michael E (Officer) 653 shares $154.91 −25.7% since trade filed Apr 7, 2025 | Discretionary sale | 653 | $154.91 | $101K | −25.7% | Apr 7, 2025 |
| Apr 3, 2025 | Gioja Michael E (Officer) 31K shares $154.58 −25.6% since trade filed Apr 7, 2025 | Discretionary sale | 31K | $154.58 | $4.8M | −25.6% | Apr 7, 2025 |
| Oct 16, 2024 | Bottini Mark Anthony (Officer) 12K shares $142.34 −19.1% since trade filed Oct 18, 2024 | Discretionary sale | 12K | $142.34 | $1.6M | −19.1% | Oct 18, 2024 |
| Oct 16, 2024 | Bottini Mark Anthony (Officer) 35K shares $141.71 −18.8% since trade filed Oct 18, 2024 | Discretionary sale | 35K | $141.71 | $5.0M | −18.8% | Oct 18, 2024 |
| Oct 15, 2024 | Schrader Robert L. (CFO) 400 shares $142.95 −19.5% since trade filed Oct 17, 2024 | Discretionary sale | 400 | $142.95 | $57K | −19.5% | Oct 17, 2024 |
| Oct 15, 2024 | Schrader Robert L. (CFO) 13K shares $142.33 −19.1% since trade filed Oct 17, 2024 | Discretionary sale | 13K | $142.33 | $1.8M | −19.1% | Oct 17, 2024 |
| Oct 9, 2024 | Gioja Michael E (Officer) 26K shares $139.03 −17.2% since trade filed Oct 10, 2024 | Discretionary sale | 26K | $139.03 | $3.7M | −17.2% | Oct 10, 2024 |
| Oct 4, 2024 | Gioja Michael E (Officer) 15K shares $139.18 −17.3% since trade filed Oct 8, 2024 | Discretionary sale | 15K | $139.18 | $2.1M | −17.3% | Oct 8, 2024 |
| Aug 26, 2024 | DOODY JOSEPH (Director) 8,641 shares $130.69 −11.9% since trade filed Aug 28, 2024 | Discretionary sale | 8,641 | $130.69 | $1.1M | −11.9% | Aug 28, 2024 |
| Aug 24, 2024 | FLASCHEN DAVID J S (Director) 45 shares $122.31 −5.9% since trade filed Mar 8, 2024 | Open-market buy | 45 | $122.31 | $6K | −5.9% | Mar 8, 2024 |
| Aug 16, 2024 | Simmons Christopher C (Officer) 2,344 shares $125.34 −8.2% since trade filed Aug 19, 2024 | Discretionary sale | 2,344 | $125.34 | $294K | −8.2% | Aug 19, 2024 |
| Aug 5, 2024 | FLASCHEN DAVID J S (Director) 5,793 shares $125.19 −8.1% since trade filed Aug 6, 2024 | Discretionary sale | 5,793 | $125.19 | $725K | −8.1% | Aug 6, 2024 |
| Aug 5, 2024 | FLASCHEN DAVID J S (Director) 8,641 shares $125.22 −8.1% since trade filed Aug 6, 2024 | Discretionary sale | 8,641 | $125.22 | $1.1M | −8.1% | Aug 6, 2024 |
| Jul 26, 2024 | FLASCHEN DAVID J S (Director) 9,615 shares $125.60 −8.4% since trade filed Jul 30, 2024 | Discretionary sale | 9,615 | $125.60 | $1.2M | −8.4% | Jul 30, 2024 |
| Jul 24, 2024 | Bottini Mark Anthony (Officer) 8,954 shares $123.60 −6.9% since trade filed Jul 25, 2024 | Discretionary sale | 8,954 | $123.60 | $1.1M | −6.9% | Jul 25, 2024 |
| Jul 15, 2024 | Gibson John B (CEO) 13K shares $119.53 −3.7% since trade filed Jul 17, 2024 | Discretionary sale | 13K | $119.53 | $1.5M | −3.7% | Jul 17, 2024 |
| Jul 2, 2024 | MUCCI MARTIN (Director) 39K shares $116.63 −1.3% since trade filed Jul 3, 2024 | Discretionary sale | 39K | $116.63 | $4.5M | −1.3% | Jul 3, 2024 |
| Jul 2, 2024 | MUCCI MARTIN (Director) 47K shares $116.87 −1.5% since trade filed Jul 3, 2024 | Discretionary sale | 47K | $116.87 | $5.5M | −1.5% | Jul 3, 2024 |
| Jul 1, 2024 | MUCCI MARTIN (Director) 101K shares $117.27 −1.9% since trade filed Jul 3, 2024 | Discretionary sale | 101K | $117.27 | $12M | −1.9% | Jul 3, 2024 |
| May 24, 2024 | FLASCHEN DAVID J S (Director) 1,746 shares $125.35 −8.2% since trade filed May 28, 2024 | Discretionary sale | 1,746 | $125.35 | $219K | −8.2% | May 28, 2024 |
| May 24, 2024 | FLASCHEN DAVID J S (Director) 1,820 shares $125.34 −8.2% since trade filed May 28, 2024 | Discretionary sale | 1,820 | $125.34 | $228K | −8.2% | May 28, 2024 |
| May 24, 2024 | FLASCHEN DAVID J S (Director) 7,743 shares $124.36 −7.5% since trade filed May 28, 2024 | Discretionary sale | 7,743 | $124.36 | $963K | −7.5% | May 28, 2024 |
| May 24, 2024 | FLASCHEN DAVID J S (Director) 8,400 shares $124.38 −7.5% since trade filed May 28, 2024 | Discretionary sale | 8,400 | $124.38 | $1.0M | −7.5% | May 28, 2024 |
| May 17, 2024 | VELLI JOSEPH M (Director) 11K shares $124.28 −7.4% since trade filed May 20, 2024 | Discretionary sale | 11K | $124.28 | $1.3M | −7.4% | May 20, 2024 |
| Feb 7, 2024 | Gioja Michael E (Officer) 40K shares $121.89 −5.6% since trade filed Feb 8, 2024 | Discretionary sale | 40K | $121.89 | $4.9M | −5.6% | Feb 8, 2024 |
| Jan 29, 2024 | Bottini Mark Anthony (Officer) 15K shares $120.53 −4.5% since trade filed Jan 31, 2024 | Discretionary sale | 15K | $120.53 | $1.9M | −4.5% | Jan 31, 2024 |
| Dec 28, 2023 | FLASCHEN DAVID J S (Director) 3,027 shares $119.73 −3.9% since trade filed Dec 29, 2023 | Discretionary sale | 3,027 | $119.73 | $362K | −3.9% | Dec 29, 2023 |
| Dec 28, 2023 | FLASCHEN DAVID J S (Director) 5,075 shares $119.77 −3.9% since trade filed Dec 29, 2023 | Discretionary sale | 5,075 | $119.77 | $608K | −3.9% | Dec 29, 2023 |
| Dec 28, 2023 | FLASCHEN DAVID J S (Director) 7,929 shares $119.82 −4.0% since trade filed Dec 29, 2023 | Discretionary sale | 7,929 | $119.82 | $950K | −4.0% | Dec 29, 2023 |
| Nov 28, 2023 | FLASCHEN DAVID J S (Director) 47 shares $119.13 −3.4% since trade filed Mar 8, 2024 late | Open-market buy | 47 | $119.13 | $6K | −3.4% | Mar 8, 2024 late |
| Nov 28, 2023 | FLASCHEN DAVID J S (Director) 247 shares $119.13 −3.4% since trade filed Mar 8, 2024 late | Open-market buy | 247 | $119.13 | $29K | −3.4% | Mar 8, 2024 late |
| Oct 6, 2023 | Gioja Michael E (Officer) 41K shares $115.79 −0.6% since trade filed Oct 10, 2023 | Discretionary sale | 41K | $115.79 | $4.8M | −0.6% | Oct 10, 2023 |
| Aug 24, 2023 | FLASCHEN DAVID J S (Director) 45 shares $122.31 −5.9% since trade filed Mar 8, 2024 late | Open-market buy | 45 | $122.31 | $6K | −5.9% | Mar 8, 2024 late |
| Aug 1, 2023 | Gioja Michael E (Officer) 6,220 shares $124.90 −7.9% since trade filed Aug 2, 2023 | Discretionary sale | 6,220 | $124.90 | $777K | −7.9% | Aug 2, 2023 |
| Aug 1, 2023 | Gioja Michael E (Officer) 16K shares $124.75 −7.7% since trade filed Aug 2, 2023 | Discretionary sale | 16K | $124.75 | $2.0M | −7.7% | Aug 2, 2023 |
| Aug 1, 2023 | Gioja Michael E (Officer) 23K shares $125.13 −8.0% since trade filed Aug 2, 2023 | Discretionary sale | 23K | $125.13 | $2.9M | −8.0% | Aug 2, 2023 |
| Jul 17, 2023 | RIVERA EFRAIN (CFO) 4,025 shares $120.19 −4.2% since trade filed Jul 18, 2023 | Discretionary sale | 4,025 | $120.19 | $484K | −4.2% | Jul 18, 2023 |
| Jul 17, 2023 | RIVERA EFRAIN (CFO) 16K shares $120.19 −4.2% since trade filed Jul 18, 2023 | Discretionary sale | 16K | $120.19 | $1.9M | −4.2% | Jul 18, 2023 |
| Jul 14, 2023 | MUCCI MARTIN (Director) 133K shares $120.43 −4.4% since trade filed Jul 17, 2023 | Discretionary sale | 133K | $120.43 | $16M | −4.4% | Jul 17, 2023 |
| Jul 10, 2023 | TUCCI JOSEPH M (Director) 11K shares $115.99 −0.8% since trade filed Jul 11, 2023 | Discretionary sale | 11K | $115.99 | $1.3M | −0.8% | Jul 11, 2023 |
| Jul 6, 2023 | TUCCI JOSEPH M (Director) 12K shares $113.02 +1.8% since trade filed Jul 10, 2023 | Discretionary sale | 12K | $113.02 | $1.4M | +1.8% | Jul 10, 2023 |
| May 25, 2023 | FLASCHEN DAVID J S (Director) 51 shares $107.57 +7.0% since trade filed Mar 8, 2024 late | Open-market buy | 51 | $107.57 | $6K | +7.0% | Mar 8, 2024 late |
| May 23, 2023 | VELLI JOSEPH M (Director) 4,336 shares $109.12 +5.5% since trade filed May 24, 2023 | Discretionary sale | 4,336 | $109.12 | $473K | +5.5% | May 24, 2023 |
| Apr 14, 2023 | Saunders-McClendon Karen E. (Officer) 215 shares $107.92 +6.6% since trade filed Apr 17, 2023 | Discretionary sale | 215 | $107.92 | $23K | +6.6% | Apr 17, 2023 |
| Feb 23, 2023 | FLASCHEN DAVID J S (Director) 44 shares $111.04 +3.7% since trade filed Mar 8, 2024 late | Open-market buy | 44 | $111.04 | $5K | +3.7% | Mar 8, 2024 late |
| Jan 13, 2023 | Gibson John B (CEO) 194 shares $120.31 −4.3% since trade filed Jan 17, 2023 | Discretionary sale | 194 | $120.31 | $23K | −4.3% | Jan 17, 2023 |
| Dec 28, 2022 | Gioja Michael E (Officer) 14K shares $115.30 −0.2% since trade filed Dec 28, 2022 | Discretionary sale | 14K | $115.30 | $1.6M | −0.2% | Dec 28, 2022 |
| Nov 23, 2022 | FLASCHEN DAVID J S (Director) 39 shares $116.24 −1.0% since trade filed Mar 8, 2024 late | Open-market buy | 39 | $116.24 | $5K | −1.0% | Mar 8, 2024 late |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
Filing hygiene
179 Forms 4, 3 years
3 filed late
5 amendments
3.9 avg. days to file
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.