Hadlock Terrell Shane sold $670K of PAYC
Hadlock Terrell Shane (President/Chief Client Officer) sold 2,818 shares of Paycom Software, Inc. (PAYC) at an average of $237.82 ($237.00–$240.07, $0.67M total) across 3 trades over 2026-08-27 to 2026-08-28.
How this was made
The 30-second read
Why it matters
The disclosed sale is the first public report of this transaction, providing new data for investors.
Market read
Provides fresh insider activity data; likely limited market impact due to modest size.
What to watch
Potential tax planning or liquidity needs unrelated to company performance.
Background
SEC Form 4 filings disclose insider transactions; this filing reports a recent sale by a senior executive.
Ticker impact
President/Chief Client Officer sold 2,818 shares for $670K, reducing his stake to 69,911 shares.
Minor downward pressure, likely negligible price movement.
Sale amount is under $1M and represents a small percentage of holdings; market may not react strongly.
Market effects
Minimal impact on HR/tech services sector.
No regional effect.
Limited to Paycom investors.
Counterpoint
Insider may be diversifying; sale does not imply negative outlook.
Key entities
- OfficerHadlock Terrell Shane
President/Chief Client Officer of Paycom Software, Inc.




