ADP awards 1,763 RSUs to VP David Kwon

ADP’s corporate vice president reported a new RSU grant and a same-day share withholding to cover exercise price or tax obligations.

Rhea-AI Filing Summary

AUTOMATIC DATA PROCESSING INC (ADP) reports that Corporate Vice President David Kwon received an award of 1,763 restricted stock units on September 1, 2026, each convertible into common stock on a one-for-one basis and vesting ratably over three years. On the same date, 1,969.287 shares of common stock were withheld or delivered at $283.49 per share for payment of exercise price or tax liability. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Kwon David

Role Corp VP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,763	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,969.287	$283.49	$558K

Holdings After Transaction: Common Stock — 12,986.452 shares (Direct)

Footnotes (1)

1. F1. In the form of restricted stock units, which are convertible into common stock on a one-for-one basis and vest ratably over 3 years.

Key Figures

Restricted stock units granted: 1,763 units Shares withheld or delivered: 1,969.287 shares Per-share price for tax/exercise payment: $283.49 per share +1 more

4 metrics

Restricted stock units granted 1,763 units RSU award to David Kwon on September 1, 2026

Shares withheld or delivered 1,969.287 shares Payment of exercise price or tax liability on September 1, 2026

Per-share price for tax/exercise payment $283.49 per share Applied to 1,969.287 withheld or delivered shares

RSU vesting period 3 years RSUs vest ratably over three years

Key Terms

restricted stock units, vest ratably, tax liability, exercise price

4 terms

restricted stock units financial

"In the form of restricted stock units, which are convertible into"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest ratably financial

"and vest ratably over 3 years"

tax liability financial

"Payment of exercise price or tax liability by delivering or withholding"

exercise price financial

"Payment of exercise price or tax liability by delivering or withholding"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did ADP executive David Kwon report on this Form 4?

David Kwon reported a grant of 1,763 restricted stock units on September 1, 2026, and a disposition of 1,969.287 common shares the same day to pay an exercise price or tax liability.

What are the terms of the restricted stock units granted to the ADP executive?

The 1,763 restricted stock units are convertible into common stock on a one-for-one basis and vest ratably over three years, meaning a portion vests each year over that period.

At what price were ADP shares withheld or delivered for David Kwon’s tax or exercise obligation?

A total of 1,969.287 ADP common shares were withheld or delivered at $283.49 per share on September 1, 2026, to pay an exercise price or tax liability.

Was a Rule 10b5-1 trading plan used for David Kwon’s ADP transactions?

No. The Form 4 indicates that no Rule 10b5-1 trading plan was reported in connection with these transactions by David Kwon.

Does the Form 4 show how many ADP shares David Kwon owns after these transactions?

The Form 4 discloses the shares granted and withheld, but it does not state a specific total number of ADP shares held by David Kwon following these transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 04:14 PM EDT Accepted by SEC EDGAR 09/03/2026 - 04:06 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kwon David

(Last) (First) (Middle)

ONE ADP BOULEVARD

(Street)

ROSELAND NEW JERSEY 07068

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AUTOMATIC DATA PROCESSING INC [ ADP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Corp VP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/01/2026		A		1,763(1)	A	$0.0000	14,955.739	D
Common Stock	09/01/2026		F		1,969.287	D	$283.49	12,986.452	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In the form of restricted stock units, which are convertible into common stock on a one-for-one basis and vest ratably over 3 years.

	/s/ David Kwon	09/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)