Paychex Chief Financial Officer Robert L. Schrader sold 2,600 shares of the company's common stock at $115.09 per share on July 20, 2026, in a transaction valued at approximately $299,000. The sale reduced his direct common stock holdings by 12%, leaving him with 18,547 directly held shares and an additional 339 shares held indirectly through a 401(k) plan. Schrader also maintains 29,553 direct derivative securities. The transaction occurred with Paychex shares down 24% over the past year, despite the company reporting fiscal 2026 revenue up 17% to $6.51 billion and adjusted earnings per share up 11% to $5.51, and guiding for fiscal 2027 revenue growth of just 5% to 6%.
Paychex IncCFO sold 12% of direct common shares, signaling insider bearishness despite strong earnings, and guidance for slower growth.