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...

Current Market Cap

$47.89B

Number of Employees

16.5K

Total Compensation

2022 - 2023

Trending down by -19.86% last year
Showing total compensation for the last 2022 - 2023

Stock

Up by 0.00% last year

Salary

Up by 20.00% last year

Bonus

Down by -40.91% last year

Other

Down by -10.13% last year

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.

SEC Filing

From August 30, 2024