CFO Robert L. Schrader sold 13,015 shares at blended average $142.35 for $1.9M, reducing holdings by 43.0%
Robert L. Schrader, Sr. VP and CFO of Paychex, executed 2 separate sales on 2024-10-15 totaling 13,015 shares for $1,852,672.95, reducing his post-transaction holdings from 30,295 shares to 17,280 shares. The sales occurred at prices ($142.33 and $142.95) near the current price of $142.32 and within 0.0% of the 52-week high of $142.35, suggesting execution at recent highs. The 43.0% reduction in holdings is material and represents a significant portfolio shift for a senior finance officer at a $51.2B market-cap company with solid fundamentals (P/E 30.15, net income $427.4M, annual revenue growth +5.4%). The sale's magnitude and proximity to 52-week highs warrants investor attention to understand the underlying rationale.