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Insider Trends: Insider at Paycom Software Sale for Taxes Adds to 90-Day Selling Trend

05/10/2021 13:14

05:05 PM EDT, 05/10/2021 (MT Newswires) -- Chad R Richison, 10% Owner, Director and President & CEO, made a sale of 8,904 shares of Paycom Software (PAYC) on May 06, 2021, for approximately $2,916,773 to satisfy tax obligations. Following the Form 4 filing with the SEC, Richison has control over 8,558,726 company shares of which 4,887,491 shares are held directly and 3,671,235 are controlled indirectly. These holdings have an approximate market value of $2,804 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 15 insider transactions reported to the SEC for Paycom Software. These transactions came from the activities of 10 individual insiders that resulted in a net disposition of 20,095 company shares. Relative to the preceding 90-day window of time, there were 13 transactions from 7 insiders and resulted in the net acquisition of 1,534,792 shares.

This level of insider transactions is less than the peer group average in the 71-company Enterprise Software peer group over the last 90-day period. Peer group activity averaged 189.6 transactions per company, and disposition of 83,768 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1590955/000089924321018960/xslF345X03/doc4.xml

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