Paycom (PAYC) has released an update to notify the public and investors about its officers.
Paycom Software, Inc. has announced the appointment of Christopher G. Thomas as Co-Chief Executive Officer, alongside existing CEO Chad Richison, effective February 7, 2024. Thomas, with a background in operations and client service, will continue his role as principal operating officer and has no familial or material connections to other company executives. Both Co-CEOs will receive an annual salary of $800,000, with Thomas additionally granted various equity awards, including time-based and performance-based restricted stock units, as well as immediate vesting shares. Furthermore, Richison has agreed to forfeit a substantial 2020 CEO Performance Award due to the transition.
For further insights into PAYC corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
