Sundar PichaiSundar Pichai earned $164M in 2023

John B. Gibson is the current CEO of Paychex Inc., a leading provider of HR solutions. He has a solid educational foundation with a Bachelor of Arts from Indiana University, along with certifications from notable institutions like Kellogg School of...

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John B. Gibson

CEO of Paychex

Education

Bachelor of Arts from Indiana University; certifications from Kellogg School of Management and INSEAD

Sector of Economy

Industrials

Born

April 1, 1966 - 59 years ago

CEO of Paychex for

2 years 8 months (Oct 2022 - Present)

Previous Experience

Senior Vice President of Service at Paychex; various roles at HR outsourcing and technology companies

Holdings

See how much did John B. Gibson make over time.

John B. Gibson's stock holdings show his commitment to Paychex, especially in the past few years where he consistently traded significant amounts. Notably, he had a spike in wealth around mid-2021, totaling $9.90 million in stock value. His holdings fluctuated...

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Total Stock Sold

$44.55M

PAYX

$44.55M

504,745 PAYX shares

What if they kept their stock?

If John B. Gibson didn't sell their stock, today they would have:
Extra PAYX504,745 shares worth $37.48M.
This is -15.88% and $7.08M less than what they got when they sold the stock.

Charitable Transactions

PAYX

12,250 shares

PAYX

Recent Charitable Transactions

PAYX

$123.18K

PAYX at $123.18/share

Jul 8, 2022

Charity

PAYX

$959.31K

PAYX at $87.21/share

Jul 10, 2020

Charity

PAYX

$14.75K

PAYX at $59.00/share

Jul 29, 2016

Charity

Insider Trading

See recent insider trades of John B. Gibson.

PAYX

$1.51M

PAYX at $119.53/share

Jul 15, 2024

Sale

PAYX

1,653 shares

PAYX

Jul 15, 2024

Received

PAYX

32,253 shares

PAYX

Jul 15, 2024

Received

PAYX

19,874 shares

PAYX

Jul 14, 2023

Received

PAYX

$23.34K

PAYX at $120.31/share

Jan 13, 2023

Sale

PAYX

3,663 shares

PAYX

Oct 15, 2022

Received

PAYX

$326.83K

PAYX at $115.00/share

Jul 15, 2022

Sale

PAYX

3,478 shares

PAYX

Jul 15, 2022

Received

PAYX

$365.82K

PAYX at $116.80/share

Jul 8, 2022

Sale

PAYX

1,400 shares

PAYX

Jul 8, 2022

Received

Compensation History

See how much did John B. Gibson make over time.

In 2023, John B. Gibson’s total compensation was $734,682, which marks a significant performance-based pay structure. His salary accounts for $900,000, with additional bonuses reaching $844,875 tied to performance metrics. In 2022, he had a much higher total compensation of nearly $2.28 million during his transition to CEO. Notably, Gibson also received performance-based restricted stock units (RSUs) and stock options reflecting his focus on aligning executive pay with company performance. This kind of pay structure not only motivates leadership to perform better but also signifies how Paychex prioritizes long-term value for shareholders. His compensation strategy reflects a modern understanding of executive roles where aligning interests with company performance is essential.

Year

2023

Total Compensation

$1.76M

Salary

$900.00K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, targeting a significant portion of pay as performance-based to drive long-term value.

Bonus

$844.88K

Board Justification

Payout under the annual incentive program at 62.6% of target based on performance metrics for fiscal 2024.

Other

$17.81K

Board Justification

Includes other compensation such as health insurance, life insurance, and Company matching contributions to the 401(k) Plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2023 as the focus is on performance-based RSUs and stock options that are not included in total compensation calculations.

Performance Metrics

Performance metrics for the annual incentive program included service revenue and operating income, net of certain items.

Other Paychex CEOs

Here are other CEOs of Paychex