What the executives and directors of Paychex actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact 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 gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
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.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 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.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| GOLISANO B THOMAS | 10% owner | 35.7M | — | — |
| MUCCI MARTIN Sr. Vice President | Officer | 436K | — | $2.7M |
| Bottini Mark Anthony Sr. VP of Sales | Officer | 127.8K | — | — |
| VELLI JOSEPH M | Director | 89.6K | — | — |
| TUCCI JOSEPH M | Director | 77.6K | — | $384K |
| Gibson John B President and CEO | CEO | 67K | — | — |
| Gioja Michael E Sr. Vice President | Officer | 55.6K | — | — |
| ANTE ADAM BROOKS Sr. Vice President, Paycor | Officer | 52.6K | — | — |
| BERGSTROM RYAN NORMAN Chief Product Officer | Officer | 41.3K | — | — |
| DOODY JOSEPH | Director | 24.6K | $99K | — |
| BONADIO TOM | Director | 21.5K | $99K | — |
| FLASCHEN DAVID J S | Director | 20.3K | — | — |
| Schrader Robert L. Sr. VP, CFO | CFO | 18.5K | — | $299K |
| JOSEPH PAMELA A | Director | 11.8K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-20 | Schrader Robert L. (CFO) | Discretionary sale | 2,600 | $115.09 | $299K |
| 2026-07-17 | Simmons Christopher C (Officer) | Discretionary sale | 2,615 | $115.92 | $303K |
| 2026-07-14 | MUCCI MARTIN (Director) | Discretionary sale | 25K | $109.93 | $2.7M |
| 2026-06-26 | TUCCI JOSEPH M (Director) | Discretionary sale | 3,907 | $98.25 | $384K |
| 2026-05-13 | Roaldsen Elizabeth (Officer) | Discretionary sale | 459 | $90.00 | $41K |
| 2026-02-04 | DOODY JOSEPH (Director) | Open-market buy | 1,000 | $98.76 | $99K |
| 2026-02-04 | BONADIO TOM (Director) | Open-market buy | 1,000 | $98.50 | $99K |
| 2025-07-16 | Gibson John B (CEO) | Discretionary sale | 12.4K | $141.92 | $1.8M |
| 2025-07-16 | Schrader Robert L. (CFO) | Discretionary sale | 3,160 | $140.63 | $444K |
| 2025-07-16 | Simmons Christopher C (Officer) | Discretionary sale | 1,843 | $140.98 | $260K |
| 2025-07-10 | MUCCI MARTIN (Director) | Discretionary sale | 97.5K | $145.17 | $14.2M |
| 2025-04-15 | VELLI JOSEPH M (Director) | Discretionary sale | 3,650 | $149.25 | $545K |
| 2025-04-03 | Gioja Michael E (Officer) | Discretionary sale | 653 | $154.91 | $101K |
| 2025-04-03 | Gioja Michael E (Officer) | Discretionary sale | 31K | $154.58 | $4.8M |
| 2024-10-16 | Bottini Mark Anthony (Officer) | Discretionary sale | 11.6K | $142.34 | $1.6M |
| 2024-10-16 | Bottini Mark Anthony (Officer) | Discretionary sale | 35.3K | $141.71 | $5M |
| 2024-10-15 | Schrader Robert L. (CFO) | Discretionary sale | 400 | $142.95 | $57K |
| 2024-10-15 | Schrader Robert L. (CFO) | Discretionary sale | 12.6K | $142.33 | $1.8M |
| 2024-10-09 | Gioja Michael E (Officer) | Discretionary sale | 26.4K | $139.03 | $3.7M |
| 2024-10-04 | Gioja Michael E (Officer) | Discretionary sale | 14.7K | $139.18 | $2.1M |
| 2024-08-26 | DOODY JOSEPH (Director) | Discretionary sale | 8,641 | $130.69 | $1.1M |
| 2024-08-24 | FLASCHEN DAVID J S (Director) | Open-market buy | 45 | $122.31 | $6K |
| 2024-08-16 | Simmons Christopher C (Officer) | Discretionary sale | 2,344 | $125.34 | $294K |
| 2024-08-05 | FLASCHEN DAVID J S (Director) | Discretionary sale | 5,793 | $125.19 | $725K |
| 2024-08-05 | FLASCHEN DAVID J S (Director) | Discretionary sale | 8,641 | $125.22 | $1.1M |
| 2024-07-26 | FLASCHEN DAVID J S (Director) | Discretionary sale | 9,615 | $125.60 | $1.2M |
| 2024-07-24 | Bottini Mark Anthony (Officer) | Discretionary sale | 8,954 | $123.60 | $1.1M |
| 2024-07-15 | Gibson John B (CEO) | Discretionary sale | 12.7K | $119.53 | $1.5M |
| 2024-07-02 | MUCCI MARTIN (Director) | Discretionary sale | 38.5K | $116.63 | $4.5M |
| 2024-07-02 | MUCCI MARTIN (Director) | Discretionary sale | 47.3K | $116.87 | $5.5M |
| 2024-07-01 | MUCCI MARTIN (Director) | Discretionary sale | 101.5K | $117.27 | $11.9M |
| 2024-05-24 | FLASCHEN DAVID J S (Director) | Discretionary sale | 1,746 | $125.35 | $219K |
| 2024-05-24 | FLASCHEN DAVID J S (Director) | Discretionary sale | 1,820 | $125.34 | $228K |
| 2024-05-24 | FLASCHEN DAVID J S (Director) | Discretionary sale | 7,743 | $124.36 | $963K |
| 2024-05-24 | FLASCHEN DAVID J S (Director) | Discretionary sale | 8,400 | $124.38 | $1M |
| 2024-05-17 | VELLI JOSEPH M (Director) | Discretionary sale | 10.9K | $124.28 | $1.3M |
| 2024-02-07 | Gioja Michael E (Officer) | Discretionary sale | 40.1K | $121.89 | $4.9M |
| 2024-01-29 | Bottini Mark Anthony (Officer) | Discretionary sale | 15.5K | $120.53 | $1.9M |
| 2023-12-28 | FLASCHEN DAVID J S (Director) | Discretionary sale | 3,027 | $119.73 | $362K |
| 2023-12-28 | FLASCHEN DAVID J S (Director) | Discretionary sale | 5,075 | $119.77 | $608K |
| 2023-12-28 | FLASCHEN DAVID J S (Director) | Discretionary sale | 7,929 | $119.82 | $950K |
| 2023-11-28 | FLASCHEN DAVID J S (Director) | Open-market buy | 47 | $119.13 | $6K |
| 2023-11-28 | FLASCHEN DAVID J S (Director) | Open-market buy | 247 | $119.13 | $29K |
| 2023-10-06 | Gioja Michael E (Officer) | Discretionary sale | 41.3K | $115.79 | $4.8M |
| 2023-08-24 | FLASCHEN DAVID J S (Director) | Open-market buy | 45 | $122.31 | $6K |
| 2023-08-01 | Gioja Michael E (Officer) | Discretionary sale | 6,220 | $124.90 | $777K |
| 2023-08-01 | Gioja Michael E (Officer) | Discretionary sale | 16.2K | $124.75 | $2M |
| 2023-08-01 | Gioja Michael E (Officer) | Discretionary sale | 23.4K | $125.13 | $2.9M |
| 2023-07-17 | RIVERA EFRAIN (CFO) | Discretionary sale | 4,025 | $120.19 | $484K |
| 2023-07-17 | RIVERA EFRAIN (CFO) | Discretionary sale | 16.2K | $120.19 | $1.9M |
| 2023-07-14 | MUCCI MARTIN (Director) | Discretionary sale | 132.9K | $120.43 | $16M |
| 2023-07-10 | TUCCI JOSEPH M (Director) | Discretionary sale | 10.9K | $115.99 | $1.3M |
| 2023-07-06 | TUCCI JOSEPH M (Director) | Discretionary sale | 12.2K | $113.02 | $1.4M |
| 2023-05-25 | FLASCHEN DAVID J S (Director) | Open-market buy | 51 | $107.57 | $6K |
| 2023-05-23 | VELLI JOSEPH M (Director) | Discretionary sale | 4,336 | $109.12 | $473K |
| 2023-04-14 | Saunders-McClendon Karen E. (Officer) | Discretionary sale | 215 | $107.92 | $23K |
| 2023-02-23 | FLASCHEN DAVID J S (Director) | Open-market buy | 44 | $111.04 | $5K |
| 2023-01-13 | Gibson John B (CEO) | Discretionary sale | 194 | $120.31 | $23K |
| 2022-12-28 | Gioja Michael E (Officer) | Discretionary sale | 13.7K | $115.30 | $1.6M |
| 2022-11-23 | FLASCHEN DAVID J S (Director) | Open-market buy | 39 | $116.24 | $5K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
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.