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ADP grants EVP 2,683 RSUs, withholds shares for tax

An executive vice president at ADP received new restricted stock units, with a portion of shares withheld to cover exercise price or tax obligations.

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

AUTOMATIC DATA PROCESSING INC (ADP) reported that Executive VP Brian L. Michaud received an equity award on September 1, 2026. He acquired 2,683 restricted stock units, each convertible into one share of common stock and vesting ratably over 3 years. On the same date, 2,281.429 shares of common stock were delivered or withheld at $283.49 per share for payment of exercise price or tax liability.

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Insider Michaud Brian L.
Role Executive VP
Type Security Shares Price Value
Grant/Award Common Stock F1 2,683 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 2,281.429 $283.49 $647K
Holdings After Transaction: Common Stock — 18,843.0865 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.
Restricted stock units granted 2,683 units Equity award to Executive VP on September 1, 2026, convertible one-for-one into common stock
Vesting period 3 years Restricted stock units vest ratably over this period
Shares delivered or withheld 2,281.429 shares Common stock used for payment of exercise price or tax liability on September 1, 2026
Per-share value for tax/exercise payment $283.49 per share Price applied to the 2,281.429 shares delivered or withheld
Net buy/sell shares 0 shares Net buy/sell direction reported as neutral across these transactions
restricted stock units financial
"In the form of restricted stock units, which are convertible into common"
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."
payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding"

FAQ

What equity award did ADP (ADP) grant to Executive VP Brian L. Michaud?
Executive VP Brian L. Michaud was granted 2,683 restricted stock units on September 1, 2026. Each unit is convertible into one share of ADP common stock and vests ratably over 3 years.

What does the withholding transaction on ADP’s Form 4 represent?
The Form 4 reports that 2,281.429 shares of ADP common stock were delivered or withheld at $283.49 per share on September 1, 2026 for payment of exercise price or tax liability.

Was the ADP (ADP) Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, and no footnote states that the transactions were made under a Rule 10b5-1 or other pre-arranged trading plan.

How do the new restricted stock units for ADP’s executive vest?
The 2,683 restricted stock units granted to the executive vest ratably over 3 years, meaning they convert into ADP common stock in approximately equal portions over that three-year period.

What type of security is involved in the ADP (ADP) Form 4 transactions?
Both transactions involve ADP common stock. One is a grant of restricted stock units convertible one-for-one into common stock, and the other is a disposition of 2,281.429 shares of common stock for exercise price or tax liability.

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

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SEC Form 4
FORM 4UNITED 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*
Michaud Brian L.
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Executive 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock09/01/2026A2,683(1)A$0.000021,124.5155D
Common Stock09/01/2026F2,281.429D$283.4918,843.0865D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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.
David Kwon (POA on File)09/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR