In 2022, Martin Mucci earned $6.74M in total compensation at Paychex, including $1.06M salary and $5.65M in stock. Most recently acquired 896 shares in Jul 2024. Currently holds stock worth $48.36M. Has donated $10.82M in stock to charitable causes. Led Paychex as CEO for 12 years.
Compensation History
Annual executive compensation data for Martin Mucci, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$6.74M
Salary
$1.06M
Bonus
$0.00
Other
$18.32K
Salary
$1.06MBoard Justification
The compensation philosophy is designed to attract and retain top executive talent while aligning their interests with those of the shareholders through performance-based compensation.
Bonus
$0.00Board Justification
No bonus was awarded for fiscal year 2022 as Mr. Mucci retired before the annual incentive program payout.
Other Compensation
$18.32KBoard Justification
Includes 401(k) matching contributions and other benefits.
Restricted Stock
Board Justification
The value of time-based and performance-based stock awards that vested in 2022, reflecting the fair value of the awards at the time of vesting.
Performance Metrics
The performance metrics for the annual incentive program included service revenue growth and operating income, net of certain items.
Martin Mucci
Ex-CEO of Paychex
Education
N/A
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
March 15, 1967 - 58 years ago
CEO of Paychex for
12 years 0 months (Sep 2010 - Oct 2022)
Previous Experience
Senior Vice President, Operations at Paychex; various roles at different companies
Holdings
Track Martin Mucci's stock holdings and portfolio value over time.
Total Stock Sold
$177.16M
$177.16M
2,082,423 PAYX shares
What if they kept their stock?
If Martin Mucci didn't sell their stock, today they would have:
Extra PAYX2,082,423 shares worth $233.36M.
This is 31.72% and $56.19M more than what they got when they sold the stock.
Charitable Transactions
96,530 shares
PAYX
Recent Charitable Transactions
$2.47M
PAYX at $126.11/share
Aug 2, 2024
Charity
$7.91M
PAYX at $126.52/share
Jul 28, 2023
Charity
$186.74K
PAYX at $89.95/share
Feb 26, 2021
Charity
$170.62K
PAYX at $85.31/share
Jul 6, 2019
Charity
$103.52K
PAYX at $69.01/share
Dec 11, 2017
Charity
$181.25K
PAYX at $61.65/share
Dec 28, 2016
Charity
Insider Trading
Martin Mucci's recent stock transactions, purchases, and sales filed with the SEC.
$2.47M
PAYX at $126.11/share
Aug 2, 2024
Charity
896 shares
PAYX
Jul 15, 2024
Received
$21.91M
PAYX at $116.92/share
Jul 1, 2024
Sale
170 shares
CTAS
Oct 25, 2023
Received
$7.91M
PAYX at $126.52/share
Jul 28, 2023
Charity
43,081 shares
PAYX
Jul 14, 2023
Received
$16.00M
PAYX at $120.43/share
Jul 14, 2023
Sale
$38.17K
CTAS at $459.88/share
Apr 18, 2023
Received
916 shares
PAYX
Oct 14, 2022
Received
12,391 shares
PAYX
Jul 15, 2022
Received
Rivals
Compare Martin Mucci with competitor CEOs and industry peers.
Timothy C. Gokey
CEO of Broadridge Financial Solutions
2022 Compensation
Stock
$0.00
Salary
$962.50K
Bonus
$0.00
Other
$54.35K
Total Holdings
$421.74M
Carlos A. Rodriguez
CEO of Automatic Data Processing, Inc.
2022 Compensation
Stock
$0.00
Salary
$1.16M
Bonus
$0.00
Other
$421.82K
Total Holdings
$4.33M
Philippe Krakowsky
CEO of The Interpublic Group of Companies
2023 Compensation
Stock
$0.00
Salary
$1.50M
Bonus
$1.68M
Other
$184.01K
Total Holdings
$16.72M
Horacio Rozanski
CEO of Booz Allen Hamilton
2023 Compensation
Stock
$1.50M
Salary
$1.20M
Bonus
$500.00K
Other
$200.00K
Total Holdings
$91.02M
Daniel S. Glaser
CEO of Marsh & McLennan Companies
2023 Compensation
Stock
$5.78M
Salary
$1.40M
Bonus
$6.00M
Other
$329.85K
Total Holdings
$10.17M