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)

v3.23.2

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

12 Months Ended

May 31, 2023

May 31, 2022

May 31, 2021

Time-Based RSUs [Member]

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

Nonvested, Beginning balance

1.3

Awards granted

^[1]

0.6

Vested

(0.4)

Forfeited

(0.1)

Nonvested, Ending balance

1.4

1.3

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

$ 80.60

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

127.75

^[1]

$ 109.81

$ 67.92

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

73.88

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

99.79

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

$ 102.13

$ 80.60

Performance-Based RSUs [Member]

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

Nonvested, Beginning balance

0.1

Awards granted

^[1]

0.1

Vested

(0.1)

Forfeited

(0.0)

Nonvested, Ending balance

0.1

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

$ 92.33

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

^[2]

108.31

^[1]

$ 103.59

$ 0

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

80.59

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

108.86

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

$ 107.88

$ 92.33

[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.
[2]	No performance-based RSUs were granted during fiscal 2021.

- Definition

The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.

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- Definition

Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.

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- Definition

The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

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- Definition

The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

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- Definition

The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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-Paragraph 2
-Subparagraph (c)(2)(i)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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- Definition

Per share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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- Definition

The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.

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- Definition

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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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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