ADP EVP DeSilva sells 6,512 shares at $283
ADP’s executive vice president both received a new RSU award and sold shares under a pre-established Rule 10b5-1 trading plan.
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Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (ADP) executive vice president Joseph DeSilva reported several common stock transactions. On September 2, 2026 he sold 6,512 shares at $283.00 per share under a Rule 10b5-1 trading plan adopted in September 2025. On September 1, 2026 he received a grant of 5,089 restricted stock units that convert one-for-one into common stock and vest ratably over three years, and 7,482.01 shares were withheld or delivered at $283.49 per share to cover exercise price or tax obligations.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 6,512 | $283.00 | $1.84M |
| Grant/Award | Common Stock F1 | 5,089 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,482.01 | $283.49 | $2.12M |
Footnotes (2)
- 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.
- F2. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2025.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
restricted stock units financial
vest ratably financial
payment of exercise price or tax liability financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ADP executive Joseph DeSilva sell in this Form 4 filing for ADP?
What equity award did Joseph DeSilva receive from ADP in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.