ADP VP granted 5,076 restricted stock units
Corporate Vice President Michael A. Bonarti reported an RSU grant and a concurrent share withholding for tax or exercise-price obligations at ADP.
Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (ADP) reported that Corporate Vice President Michael A. Bonarti had two equity-related transactions on September 1, 2026. He received an award of 5,076 restricted stock units, each convertible into one share of common stock and vesting ratably over three years, and 7,726.947 shares of common stock were delivered or withheld to pay an exercise price or tax liability at $283.49 per share. No Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bonarti Michael A
Role
Corporate Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 5,076 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,726.947 | $283.49 | $2.19M |
Holdings After Transaction:
Common Stock — 89,336.332 shares (Direct)
Footnotes (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: 5,076 units
Shares delivered or withheld: 7,726.947 shares
Per-share value for exercise price or tax liability: $283.49 per share
+3 more
6 metrics
Restricted stock units granted
5,076 units
Award to Michael A. Bonarti on September 1, 2026, vesting over three years
Shares delivered or withheld
7,726.947 shares
Used for payment of exercise price or tax liability on September 1, 2026
Per-share value for exercise price or tax liability
$283.49 per share
Applied to 7,726.947 shares of ADP common stock
Vesting period
3 years
Restricted stock units vest ratably over three years
Number of acquire transactions
1
One grant or award acquisition reported in the summary data
Number of dispose transactions
1
One exercise-price-or-tax-liability disposition reported in the summary data
Key Terms
restricted stock units, vest ratably, tax liability, withholding securities
4 terms
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
"and vest ratably over 3 years"
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
withholding securities financial
"by delivering or withholding securities"
FAQ
What did ADP insider Michael A. Bonarti acquire in this Form 4 filing for ADP?
He received 5,076 restricted stock units on September 1, 2026, each convertible into one share of ADP common stock and vesting ratably over three years.
Were Michael A. Bonarti’s ADP transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, indicating no Rule 10b5-1 trading plan is reported for these transactions.
How do the new ADP restricted stock units for Michael A. Bonarti vest?
The 5,076 restricted stock units vest ratably over three years, meaning portions of the award convert into ADP common stock over that three-year period.
AI-generated analysis. How Rhea-AI works. Not financial advice.