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.
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.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 6,512 shares
Net Sell
3 txns
Insider
DeSilva Joseph
Role
Executive VP
Sold
6,512 shs ($1.84M)
| 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 |
Holdings After Transaction:
Common Stock — 19,455.188 shares (Direct)
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
Shares sold: 6,512 shares
Sale price per share: $283.00 per share
RSU award: 5,089 units
+2 more
5 metrics
Shares sold
6,512 shares
Common stock sale on September 2, 2026
Sale price per share
$283.00 per share
Price for 6,512-share sale on September 2, 2026
RSU award
5,089 units
Restricted stock units granted September 1, 2026, vesting over 3 years
Shares withheld or delivered
7,482.01 shares
Code F transaction for exercise price or tax liability on September 1, 2026
Code F transaction price
$283.49 per share
Price used for 7,482.01-share payment of exercise price or tax liability
Key Terms
Rule 10b5-1 trading plan, restricted stock units, vest ratably, payment of exercise price or tax liability
4 terms
Rule 10b5-1 trading plan regulatory
"transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"In the form of restricted stock units, which are convertible into common stock"
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
"restricted stock units ... vest ratably over 3 years"
payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What did ADP executive Joseph DeSilva sell in this Form 4 filing for ADP?
He sold 6,512 shares of Automatic Data Processing common stock on September 2, 2026 at a price of $283.00 per share, reported as a sale in the open market or a private transaction.
What equity award did Joseph DeSilva receive from ADP in this Form 4?
On September 1, 2026, Joseph DeSilva received 5,089 restricted stock units, convertible into ADP common stock on a one-for-one basis and vesting ratably over 3 years.
AI-generated analysis. How Rhea-AI works. Not financial advice.