Martin Mucci net worth and biography

Martin Mucci Biography and Net Worth

CEO of Paychex
Martin Mucci assumed the role of president and chief executive officer on September 30, 2010. Under his leadership, Paychex has significantly expanded upon its foundation as a payroll services company to become a leading provider of integrated human capital management solutions for small and mid-sized businesses, growing to $4 billion in annual revenue and a market cap of more than $25 billion.

In Mucci’s time as president and CEO, Paychex has transformed into a technology-enabled service company. Combining innovative software-as-a-service technology with dedicated, personalized service, Paychex empowers business owners to focus on the growth and success of their business, instead of contending with the demands of payroll, HR, and benefits administration.

Mucci is a regular guest on CNBC’s Squawk Box and Bloomberg TV where he discusses the state of small business in the U.S. according to the Paychex | IHS Markit Small Business Employment Watch, which provides a monthly snapshot of small business jobs activity and wage data. With a 91% approval rating, Mucci was named on Glassdoor’s 2019 list of the top 100 CEOs of large U.S. companies.

Mucci joined Paychex as senior vice president of operations in October 2002. In this position, he was responsible for all operations and customer service for the company’s payroll and human resource services clients, as well as the company’s product management and information technology functions. Prior to joining Paychex, he served as president of telephone operations for Frontier Communications, and CEO of Frontier Telephone of Rochester, N.Y. – both telecommunications services providers.

Mucci holds a bachelor’s degree in accounting from St. John Fisher College in Rochester, N.Y. and earned a master’s degree in business administration from the William E. Simon Graduate School of Business at the University of Rochester. Mucci is a member of the Greater Rochester Chamber of Commerce Executive Committee and on an advisory team for Madison Dearborn Partners, LLC, a leading private equity investment firm based in Chicago. A longtime community and United Way supporter, Mucci has served as chairman of the United Way of Greater Rochester campaign, the Rochester American Heart Association’s Heart Walk and Run and JDRF’s Walk to Cure Juvenile Diabetes.

What is Martin Mucci's net worth?

The estimated net worth of Martin Mucci is at least $48.41 million as of July 15th, 2022. Mr. Mucci owns 408,246 shares of Paychex stock worth more than $48,409,811 as of February 4th. This net worth evaluation does not reflect any other assets that Mr. Mucci may own. Learn More about Martin Mucci's net worth.

What is Martin Mucci's salary?

As the CEO of Paychex, Inc., Mr. Mucci earned a total compensation package of $9,627,247.00 in 2021. Mr. Mucci earned a salary of $898,462.00, stock awards of $3,952,973.00, options awards of $2,640,232.00, non-equity compensation of $2,117,565.00, and other compensation of $18,015.00. Learn More on Martin Mucci's salary.

How do I contact Martin Mucci?

The corporate mailing address for Mr. Mucci and other Paychex executives is 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625. Paychex can also be reached via phone at (585) 385-6666 and via email at [email protected]hex.com. Learn More on Martin Mucci's contact information.

Has Martin Mucci been buying or selling shares of Paychex?

Martin Mucci has not been actively trading shares of Paychex during the last quarter. Most recently, Martin Mucci sold 12,289 shares of the business's stock in a transaction on Friday, July 15th. The shares were sold at an average price of $115.00, for a transaction totalling $1,413,235.00. Following the completion of the sale, the chief executive officer now directly owns 408,246 shares of the company's stock, valued at $46,948,290. Learn More on Martin Mucci's trading history.

Who are Paychex's active insiders?

Paychex's insider roster includes Mark Bottini (VP), Efrain DM (MBA), Joseph Doody (Director), David Flaschen (Director), John Gibson (VP), Michael Gioja (VP), Martin Mucci (CEO), Efrain Rivera (CFO), Karen Saunders-Mcclendon (VP), Stephanie Schaeffer (Insider), Robert Schrader (VP), Joseph Tucci (Director), and Joseph Velli (Director). Learn More on Paychex's active insiders.

Are insiders buying or selling shares of Paychex?

In the last year, insiders at the business services provider sold shares 19 times. They sold a total of 131,491 shares worth more than $15,904,841.60. The most recent insider tranaction occured on January, 13th when CEO John B Gibson sold 194 shares worth more than $23,340.14. Insiders at Paychex own 11.5% of the company. Learn More about insider trades at Paychex.

Information on this page was last updated on 1/13/2023.

Martin Mucci Insider Trading History at Paychex

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
7/15/2022Sell12,289$115.00$1,413,235.00408,246View SEC Filing Icon  
7/8/2022Sell21,631$116.80$2,526,500.80420,535View SEC Filing Icon  
12/27/2021Sell150,000$134.31$20,146,500.00View SEC Filing Icon  
12/8/2021Sell3,219$123.04$396,065.76View SEC Filing Icon  
7/16/2021Sell137,713$112.55$15,499,598.15410,374View SEC Filing Icon  
7/9/2021Sell30,121$111.90$3,370,539.90387,000View SEC Filing Icon  
2/26/2021Sell50,000$91.09$4,554,500.00
11/10/2020Sell75,000$91.24$6,843,000.00
7/17/2020Sell106,422$73.05$7,774,127.10419,197View SEC Filing Icon  
7/10/2020Sell40,280$73.30$2,952,524.00358,702View SEC Filing Icon  
10/17/2019Sell31,865$84.86$2,704,063.90362,806View SEC Filing Icon  
7/11/2019Sell2,456$85.33$209,570.48292,795View SEC Filing Icon  
7/6/2019Sell19,759$85.31$1,685,640.29280,170View SEC Filing Icon  
2/15/2019Sell50,000$76.00$3,800,000.00349,929View SEC Filing Icon  
2/4/2019Sell50,000$72.32$3,616,000.00349,929View SEC Filing Icon  
7/12/2018Sell2,683$70.37$188,802.71287,567View SEC Filing Icon  
7/6/2018Sell74,742$69.66$5,206,527.72276,754View SEC Filing Icon  
10/5/2017Sell29,786$63.17$1,881,581.62View SEC Filing Icon  
7/13/2017Sell30,000$57.04$1,711,200.00237,754View SEC Filing Icon  
7/9/2017Sell33,294$57.40$1,911,075.60254,618View SEC Filing Icon  
7/8/2016Sell42,397$61.33$2,600,208.01View SEC Filing Icon  
7/7/2016Sell65,965$60.63$3,999,457.95246,516View SEC Filing Icon  
10/28/2015Sell30,000$52.00$1,560,000.00232,139View SEC Filing Icon  
10/16/2015Sell84,591$49.91$4,221,936.81232,139View SEC Filing Icon  
7/11/2015Sell42,740$47.78$2,042,117.20View SEC Filing Icon  
7/9/2015Sell3,107$47.43$147,365.01View SEC Filing Icon  
12/23/2014Sell70,000$47.43$3,320,100.00View SEC Filing Icon  
10/27/2014Sell50,000$45.67$2,283,500.00View SEC Filing Icon  
7/11/2014Sell3,835$41.92$160,763.20View SEC Filing Icon  
7/10/2014Sell6,809$41.81$284,684.29View SEC Filing Icon  
7/9/2014Sell3,302$41.70$137,693.40View SEC Filing Icon  
7/6/2014Sell26,309$41.55$1,093,138.95View SEC Filing Icon  
4/4/2014Sell30,000$42.55$1,276,500.00154,296View SEC Filing Icon  
10/12/2013Sell1,475$40.74$60,091.50154,296View SEC Filing Icon  
8/13/2013Sell50,000$40.23$2,011,500.00155,771View SEC Filing Icon  
7/11/2013Sell30,123$38.82$1,169,374.86View SEC Filing Icon  
7/7/2013Sell3,055$37.61$114,898.55View SEC Filing Icon  
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Martin Mucci Buying and Selling Activity at Paychex

This chart shows Martin Mucci's buying and selling at Paychex by year and by quarter.

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Paychex Company Overview

Paychex logo
Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resources, insurance and retirement for small and medium-sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services and startup services. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.
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Today's Range

Now: $118.58
Low: $116.92
High: $120.14

50 Day Range

MA: $118.14
Low: $112.18
High: $125.98

2 Week Range

Now: $118.58
Low: $105.66
High: $141.92

Volume

1,791,713 shs

Average Volume

1,635,004 shs

Market Capitalization

$42.74 billion

P/E Ratio

29.28

Dividend Yield

2.66%

Beta

0.98