Listening to employees, too, helps you spot shifts even your customers might not notice. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. hitType: 'event', $371.17K . Neves founded the software company Platforme in 1996. You can see the complete history of Mr. Richison stock trades at the bottom of the page. In June 2017, JD.com bought a minority stake in Farfetch for $397 million. And we can't do it without a very special guest. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Founder, president, CEO and chairman of Paycom, one of the fastest-growing U.S. software companies and a member of the IBD 50. He still runs the company today as CEO, and his skin is very much in the game: he owns 13.2% of shares outstanding a sum worth about $370 million. The donations mainly funded the university's athletic program, including the locker rooms and training facilities. He grabbed it. Its current areas of focus are education; neuroscience and psychology; public policy; the arts and Covid-19 research. Chad Richardson founded the Oklahoma-based payroll system Paycom in 1998. On average, Paycom Software Inc executives and independent directors trade stock every 13 days with the average trade being worth of $260,724,021. Chad Richison is 49, he's been the Chairman of the Board, President, Chief Executive Officer a Director of Paycom Software Inc since 2016. Biography. Chad sun sign is Pisces and his birth flower is Daffodil & Jonquil. Learn all the ways IBDs top investing tools can help you succeed in the market! He made the technology company public in 2014 with its stock price reportedly rising by 108.72 per cent over the last year alone. Chad Richison has served as President and Chief Executive Officer since he founded Paycom in 1998. With an estimated net worth at the U.S. $2.1 billion, Richison is one of Oklahoma's . Since then, he has grown the company into one of the largest privately-held home builders in the U.S. ga('create', 'UA-67136960-15', 'auto', 'ads'); Chad's mailing address filed with the SEC is Paycom, 7501, West Memorial Road, Oklahoma City, Oklahoma County, Oklahoma, 73142, United States. He became known for his abilities to identify and exploit inefficiencies in markets and adjusting his strategies as PIMCO grew. 2000-2023 Investor's Business Daily, LLC. Overcame: Skepticism of early customers to trust a large part of such a critical function, human resources, to a new company with such a young CEO. 20:10 EST 06 Apr 2021 Chad Richison generously gifted $25 million since 2015 combined to the University of Central Oklahoma. Paycom Software, Inc. engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. Paycom Software's insider roster includes Craig Boelte (CFO), Jason Clark (Director), Jon Evans (COO), Holly Faurot (Insider), Robert Levenson (Director), Justin Long (EVP), Frederick Peters, II (Director), Chad Richison (CEO), Bradley Smith (Insider), J. C. Watts, Jr. (Director), and Jeffrey York (Insider). Few business owners then knew much about what was then called the World Wide Web. As the Chairman of the Board, President, Chief Executive Officer, and Director of Paycom Software Inc, the total compensation of Chad Richison at Paycom Software Inc is $21,138,600. As the Chairman of the Board, President, Chief Executive Officer a Director of Paycom Software Inc, the total compensation of Chad Richison at Paycom Software Inc is $21,138,600. He also added to his sales pitch a crash course on what the internet was. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. While growing up in Oklahoma, Richison hustled to make money like everyone else in his small town. He has served as President and Chief Executive Officer since he founded Paycom in 1998. You will be notified in advance of any changes in rate or terms. Richison, 48, took a job after college in the mid-90s with an entrenched payroll and human resources company. Insider trading is most common in May, with the busiest year in 2015. His discovery? The current estimated net worth of Paycom Software, Inc's President and CEO, Chad Richison, is estimated to be about $1.73B . It helps companies manage talent acquisition, time and labor management, talent management, and HR management. eventCategory: event.slot.getSlotElementId(), Campbells Soup Sales Were Declining. Richison only gets half of the shares if the company's stock price stays above $1,000 for 20 consecutive trading days within six years, the outlet reported. You can see the complete history of Mr. Richison stock trades at the bottom of the page. Chad Richison, the founder and CEO of payroll processor Paycom Software Inc, became the highest-paid CEO in the S&P 500 after he was awarded a compensation package worth more than $200M. Learn about Chad Richardson Net Worth, Biography, Age, Birthday, Height, Early Life, Family, Dating, Partner, Wiki, and Facts. }); He started Capula Investment Management in 2005 after spending years at JP Morgan where he worked in its derivatives research and proprietary positioning business. Elon Musk received the largest CEO award in 2018 when he was given stocks valued at $2.3 billion by his company Tesla. Insiders at Paycom Software own 15.2% of the company. Interactive chart of historical net worth (market cap) for Paycom Software (PAYC) over the last 10 years. Chad Richardson. In 2021, the company had annual revenue of $1.06 billion with a workforce of 5,385 employees. Paycom founder Chad Richison has become the highest-paid CEO in the S&P 500 after he was awarded a 2020 compensation package worth $211 million, it has been revealed. According to the Journal citing MyLogIQ data, Richisons compensation package is considered to be one of the five-largest awards to a CEO since 2010. }); There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. He has also served as a member of our Board of Directors since 1998 and was appointed Chairman of the Board of Directors in August 2016. He reportedly owns over 20 million shares in Facebook stock, making him a billionaire. Paycom's market value jumped from $2B five years ago to $22.7B based on Monday's, April 5, closing stock price, according to the latest report in the Wall Street Journal. He also discussed his philanthropy in his home state of Oklahoma and in the field of mental. By As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. The price is currently at less than $400. All rights reserved. He received his bachelors degree in mass communicationsjournalism from the University of Central Oklahoma. As a young entrepreneur, I learned early on that you have to work hard, honor your commitments and surround yourself with good people because no one does it alone.'. eventCategory: event.slot.getSlotElementId(), eventCategory: event.slot.getSlotElementId(), and Jeffrey D York, Chief Sales Officer Chad has made over 17 trades of the Paycom Software Inc stock since 2014, according to the Form 4 filled with the SEC. According to Forbes data, Richison has a net worth around $2.9 billion making him the1,064 on a list of the world's billionaires. "In order to be successful, you must have a growth mindset," he told IBD. It launched in 1996 and made its IPO in 2003. The oldest executive at Paycom Software Inc is RobertLevenson, 78, who is the Independent Director. and the man everyone runs to when something goes very wrong with the site. Richardson was able to anticipate where the internet was going and how it could change how business is conducted.. Paycom Software Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. He was on a family vacation with his then-12-year-old daughter Morgan, what was supposed to be a fun excursion at a swimming pool when his autistic daughter wanted to play with kids tossing a ball in the pool. The Oklahoma City billionaire last year was awarded compensation valued at $211 million by Paycom, the company disclosed in the annual proxy statement it filed with the Securities and Exchange Commission last week. window.adsContainer = {"positionAfterTitle":{"code":"Article_Desktop_300x250_Middle5_Rel_Newrev","isOrganicUserAd":true,"max_width":336,"max_height":280},"position2":{"code":"Article_Desktop_300x250_After_Title_Rel_Newrev","max_width":336,"max_height":280},"position3":{"code":"Article_Desktop_300x250_Below_Next_Rel_Newrev","max_width":300,"max_height":250},"position4":{"code":"Article_Desktop_300x250_Middle_Rel_Newrev","max_width":300,"max_height":250},"position5":{"code":"Article_Desktop_300x250_Middle1_Rel_Newrev","max_width":300,"max_height":250},"position6":{"code":"Article_Desktop_300x250_Middle2_Rel_Newrev","max_width":336,"max_height":280},"position7":{"code":"Article_Desktop_300x250_Middle3_Rel_Newrev","max_width":300,"max_height":250},"position8":{"code":"Article_Desktop_300x250_Middle4_Rel_Newrev","max_width":300,"max_height":250},"position9":{"code":"Article_Desktop_300x250_Middle5_Rel_Newrev","max_width":336,"max_height":280},"position10":{"code":"Article_Desktop_300x250_Middle6_Rel_Newrev","max_width":336,"max_height":280},"position11":{"code":"Article_Desktop_300x250_Middle7_Rel_Newrev","max_width":336,"max_height":280},"position12":{"code":"Article_Desktop_300x250_Middle8_Rel_Newrev","max_width":336,"max_height":280},"position13":{"code":"Article_Desktop_300x250_Middle9_Rel_Newrev","max_width":336,"max_height":280},"position14":{"code":"Article_Desktop_300x250_Middle10_Rel_Newrev","max_width":336,"max_height":280},"position15":{"code":"Article_Desktop_300x250_Middle11_Rel_Newrev","max_width":336,"max_height":280},"position16":{"code":"Article_Desktop_300x250_Middle12_Rel_Newrev","max_width":336,"max_height":280},"positionTop":{"code":"Article_Desktop_970x250_Header_Rel","isOrganicUserAd":false,"max_width":970,"max_height":250},"positionBottom":{"code":"Article_Desktop_Sidebar_Bottom_Rel_Newrev","isOrganicUserAd":true,"max_width":300,"max_height":600},"positionBottomRight":{"code":"Article_Desktop_300x250_After_Title_Rel_Newrev","isOrganicUserAd":true,"max_width":336,"max_height":280}} . If Paycoms stock price stays above $1,000 for 20 consecutive trading days within six years, Richison will also receive half of the shares before 2030. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. He left the firm in the mid-1980s to co-found The Blackstone Group, a company focused on acquisitions and mergers. Most recently he sold 9,611 units of PAYC stock worth $2,645,332 on 11 May 2022. Chart Data in Insider Trading History Table. We are no longer accepting comments on this article. It's a skill you can learn, too. hitType: 'event', He will not be given any additional equity grants until 2026, the company said. Bill Gross is the co-founder of Pacific Investment Management (PIMCO) which today manages $2 trillion. Mr. Richison began his career in sales with a national payroll and human resources company and a regional payroll company prior to founding Paycom. 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