Paycom Software stock (US70432V1026): Insider tax withholding on executive share vesting

Paycom Software executive Terrell Shane Hadlock had 2,728 shares withheld at $138.44 for tax obligations on vested restricted stock awards, per recent SEC Form 4 filing.

Paycom Software, Inc. disclosed an insider transaction where President and Chief Client Officer Terrell Shane Hadlock had 2,728 shares of common stock withheld by the company at $138.44 per share to cover tax obligations related to the vesting of multiple restricted stock and restricted stock unit awards. This was not an open-market sale but a routine tax-withholding disposition, as detailed in an SEC Form 4 filing dated in early May 2026, according to Stock Titan as of May 2026. Following the withholding, Hadlock holds 72,729 shares directly, plus unvested equity awards.

As of: 13.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Paycom Software
• Sector/industry: Software - Application
• Headquarters/country: United States
• Core markets: US payroll and HR management
• Key revenue drivers: Subscription-based HCM software
• Home exchange/listing venue: Nasdaq (PAYC)
• Trading currency: USD

Paycom Software: core business model

Paycom Software provides cloud-based human capital management (HCM) software solutions, enabling companies to manage payroll, HR, time and labor, talent acquisition, and other employee-related functions from a single platform. The company's Beti platform allows employees to self-service tasks like viewing pay stubs and scheduling time off, reducing administrative burdens for managers. Paycom primarily serves businesses in the United States, with a focus on mid-market employers.

Founded in 1998 and headquartered in Oklahoma City, Paycom went public on Nasdaq in 2014 under ticker PAYC. Its subscription revenue model drives recurring income, with customers paying monthly fees based on employee count and modules used. This SaaS approach has supported steady growth amid rising demand for integrated HCM tools in the US labor market.

Main revenue and product drivers for Paycom Software

Paycom's primary revenue comes from its comprehensive HCM suite, including payroll processing, benefits administration, and talent management. The company reported serving over 47,000 clients as of its latest annual filing, with average revenue per client contributing to its financial stability. Key drivers include expansions into enterprise segments and integrations with third-party tools for enhanced functionality.

Recent product innovations focus on AI-driven analytics and mobile accessibility, aligning with US workforce trends toward remote and hybrid models. These features bolster client retention, a critical metric for SaaS firms like Paycom, which emphasizes low churn rates in its investor communications.

Industry trends and competitive position

The HCM software sector is expanding due to digital transformation in US HR functions, with market research projecting continued growth through 2026. Paycom competes with larger players like Workday and ADP but differentiates through its employee-direct access model, appealing to cost-conscious mid-market firms. Its Nasdaq listing provides liquidity for US investors tracking software stocks with domestic exposure.

Why Paycom Software matters for US investors

Paycom's focus on the US market, where it generates nearly all revenue, ties its performance to domestic employment trends and wage growth. Listed on Nasdaq, the stock offers US retail investors exposure to HCM software demand amid labor shortages and compliance needs. Insider activities like the recent tax withholding provide transparency into executive alignment with shareholders.

Conclusion

The SEC Form 4 filing highlights routine tax withholding on vested shares for a key Paycom executive, reflecting standard compensation practices without indicating open-market selling pressure. Paycom continues to operate in a robust HCM sector, with its single-platform model supporting client efficiency. Investors monitoring insider filings gain insights into equity management, though such events are common in equity-compensated tech firms.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.