Paycom Software, Inc. reported an insider equity ownership change involving William Xavier Kerber III, who filed a Form 4 on July 10, 2026, covering a transaction dated July 8, 2026. The filing indicates that Kerber received shares of Paycom common stock in the form of restricted stock granted under the Paycom Software, Inc. 2023 Long-Term Incentive Plan. The grant was an issuer-awarded equity compensation transaction rather than an open-market purchase or sale. The document’s explanatory note states that the shares were restricted stock, meaning they are subject to vesting or other conditions before becoming fully owned without restriction. The filing further notes that Kerber’s reported holdings include 1,353 unvested shares of restricted stock. The provided filing text does not disclose the exact number of shares newly granted on July 8, the transaction price, a transaction code, or Kerber’s total beneficial ownership after the transaction beyond the note regarding the 1,353 unvested restricted shares. The action is significant as part of Paycom’s executive or insider compensation practices: restricted stock grants align insiders’ interests with shareholders by tying compensation value to the company’s stock performance and continued service over the vesting period. No disposition of shares, sale proceeds, or option exercise was reported in the provided text.