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.
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
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Insider Trade Summary 10b5-1
Net Seller: 1,529 shares
Net Sell
3 txns
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)
- 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: 1,529 shares
Sale price per share: $283.00 per share
RSU award: 4,006 restricted stock units
+2 more
5 metrics
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
Key Terms
restricted stock units, vest ratably, Rule 10b5-1 trading plan, Form 4
4 terms
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.