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ADP VP sells 1,529 shares at $283 in 10b5-1 plan

ADP corporate vice president David Foskett reported RSU awards plus a planned sale of common stock executed under a Rule 10b5-1 trading plan.

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

AUTOMATIC DATA PROCESSING INC (ADP) reports that corporate vice president David Foskett received an award of 4,006 restricted stock units on September 1, 2026, convertible into common stock on a one-for-one basis and vesting ratably over three years. On the same date, 1,980.495 shares of common stock were delivered or withheld for payment of exercise price or tax liability. On September 2, 2026, he sold 1,529 shares of common stock at $283.00 per share pursuant to a Rule 10b5-1 trading plan adopted in September 2025.

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Insights

Analyzing...

Insider Foskett David
Role Corp. VP
Sold 1,529 shs ($433K)
Type Security Shares Price Value
Sale Common Stock F2 1,529 $283.00 $433K
Grant/Award Common Stock F1 4,006 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 1,980.495 $283.49 $561K
Holdings After Transaction: Common Stock — 14,146.4555 shares (Direct)
Footnotes (2)
  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.
  2. 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.
Shares sold 1,529 shares Common stock sale on September 2, 2026
Sale price per share $283.00 per share Common stock sale of 1,529 shares on September 2, 2026
RSU award 4,006 restricted stock units Equity award on September 1, 2026, vesting over three years
Code F shares 1,980.495 shares Shares delivered or withheld for payment of exercise price or tax liability on September 1, 2026
Reference price for code F transaction $283.49 per share Exercise-price-or-tax-liability disposition for 1,980.495 shares on September 1, 2026
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."
Rule 10b5-1 trading plan regulatory
"were effected pursuant to a Rule 10b5-1 trading plan adopted"
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.
Form 4 regulatory
"The transactions reported in this Form 4 were effected"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

What insider transactions did ADP executive David Foskett report in this Form 4 for ADP?

He reported a grant of 4,006 restricted stock units on September 1, 2026, delivery or withholding of 1,980.495 shares to pay exercise price or tax liability, and a sale of 1,529 shares at $283.00 per share on September 2, 2026.

At what price were the ADP shares sold in David Foskett’s reported transaction?

The filing reports that David Foskett sold 1,529 shares of ADP common stock at $283.00 per share on September 2, 2026, characterized as a sale in the open market or a private transaction.

What equity award did ADP’s David Foskett receive according to this Form 4?

He received 4,006 restricted stock units on September 1, 2026. These RSUs are convertible into common stock on a one-for-one basis and vest ratably over three years.

Were the reported ADP share sales by David Foskett under a Rule 10b5-1 plan?

Yes. The Form 4 notes that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by David Foskett in September 2025, and the plan status box is affirmed.

What does the code F transaction in David Foskett’s ADP Form 4 represent?

On September 1, 2026, 1,980.495 shares of ADP common stock were reported under transaction code F, indicating shares delivered or withheld for payment of exercise price or tax liability, at a reported reference price of $283.49 per share.

What is David Foskett’s role at AUTOMATIC DATA PROCESSING INC (ADP)?

The Form 4 identifies David Foskett as an officer of AUTOMATIC DATA PROCESSING INC, holding the title of Corporate Vice President.

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Learn about SEC filing dates
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).
X
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*
Foskett 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)
Director10% Owner
XOfficer (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)
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 Stock09/01/2026A4,006(1)A$0.000017,655.9505D
Common Stock09/01/2026F1,980.495D$283.4915,675.4555D
Common Stock09/02/2026S1,529(2)D$28314,146.4555D
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.
2. 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.
Remarks:
poa-foskett.txt
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)