Paychex, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Description of Business, Basis of Presentation, and Significant Accounting Policies (Policy)
Notes Tables
Notes Details

Stock-Based Compensation Plans (RSU Activity) (Details)

v3.24.2

Stock-Based Compensation Plans (RSU Activity) (Details) - $ / shares
shares in Millions

12 Months Ended

May 31, 2024

May 31, 2023

May 31, 2022

Time-Based RSUs [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Nonvested, Beginning balance

1.4

Awards granted

^[1]

0.5

Vested

(0.5)

Forfeited

(0.1)

Nonvested, Ending balance

1.3

1.4

Nonvested, Beginning balance, Weighted-average grant-date fair value per share

$ 102.13

Granted, Weighted-average grant-date fair value per share

114.95

^[1]

$ 127.75

$ 109.81

Vested, Weighted-average grant-date fair value per share

90.99

Forfeited, Weighted-average grant-date fair value per share

109.02

Nonvested, Ending balance, Weighted-average grant-date fair value per share

$ 110.51

$ 102.13

Performance-Based RSUs [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Nonvested, Beginning balance

0.1

Awards granted

^[1]

0.2

Vested

0.0

Forfeited

0.0

Nonvested, Ending balance

0.3

0.1

Nonvested, Beginning balance, Weighted-average grant-date fair value per share

$ 107.88

Granted, Weighted-average grant-date fair value per share

114.23

^[1]

$ 108.31

$ 103.59

Vested, Weighted-average grant-date fair value per share

107.4

Forfeited, Weighted-average grant-date fair value per share

112.01

Nonvested, Ending balance, Weighted-average grant-date fair value per share

$ 110.26

$ 107.88

[1]	For performance-based RSUs, granted number assumes achievement of performance goals at target. Actual number of shares to be earned may differ from this amount.

- Definition

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The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.

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