John B. Gibson

John B. Gibson has built a distinguished career in the HR and technology sectors through his progressive leadership roles at PAYX. He joined the company in May 2013 as Senior Vice President of Service and has continuously evolved within the organization, serving as President and COO before taking on his current role as President and CEO in October 2022. " " "

Prior to his journey at PAYX, he held prominent positions at established companies such as Ameritech (now AT&T) and Convergys, where he was responsible for delivering comprehensive global HR solutions across multiple countries. " " His early work in these roles contributed significantly to his development as a leader in the business services and HR technology industries.

At PAYX, his strategic vision and expertise have been instrumental in spearheading digital transformation and service enhancements, driving growth in professional employer organization (PEO) and HR advisory services. His leadership has not only propelled the company forward but also reinforced its position as a market leader in payroll and HR solutions. " "

Annual Incentive Program

Total Incentive Payout: 93.9% of Base Salary "

Equity Awards

Time-Based RSUs

• Grant Date: July 15, 2023 "
• Grant-Date Fair Value: $1,149,983 "
• Shares Granted: 9,515 "
• Vesting: Pro-rata over 3 years "

Performance-Based RSUs

• Grant Date: July 15, 2023 "
• Grant-Date Fair Value: $2,874,972 "
• Shares Granted: 25,208 at target ( " : Threshold: 15,125, Maximum: 37,812)
• Performance Period: 2 years plus a 1-year service period for full vesting " "
• Tied to: Service Revenue and Operating Income metrics "

Stock Options

• Grant Date: July 15, 2023 "
• Grant-Date Fair Value: $1,725,007 "
• Options Granted: 63,583 "
• Exercise Price: $120.86 "
• Vesting: One-third per year over 3 years "
• Term: 10 years "
• Not tied to performance metrics "