ADP CFO granted 6,464 RSUs, withholds shares
ADP’s CFO received a new restricted stock unit grant, with shares withheld the same day to cover exercise price or tax obligations.
Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (ADP) reported that chief financial officer Peter J. Hadley received an equity award on September 1, 2026. He acquired 6,464 restricted stock units1,650.629 shares$283.49 per share
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hadley Peter J
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 6,464 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,650.629 | $283.49 | $468K |
Holdings After Transaction:
Common Stock — 17,213.461 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: 6,464 units
Shares delivered or withheld: 1,650.629 shares
Per-share amount for delivery/withholding: $283.49 per share
+2 more
5 metrics
Restricted stock units granted
6,464 units
Equity award to CFO Peter J. Hadley on September 1, 2026
Shares delivered or withheld
1,650.629 shares
For payment of exercise price or tax liability on September 1, 2026
Per-share amount for delivery/withholding
$283.49 per share
Applied to 1,650.629 shares for payment of exercise price or tax liability
Number of non-derivative transactions
2 transactions
One grant/award acquisition and one delivery/withholding on September 1, 2026
Vesting period for RSUs
3 years
Restricted stock units vest ratably over three years
Key Terms
restricted stock units, vest ratably, tax liability, Rule 10b5-1 trading plan
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"
Rule 10b5-1 trading plan regulatory
"affirms whether transactions were under 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.
FAQ
What insider transactions did ADP CFO Peter J. Hadley report on this Form 4 for ADP?
He reported an award of 6,464 restricted stock units1,650.629 shares$283.49 per share
What type of equity award did the ADP (ADP) CFO receive and how does it vest?
Peter J. Hadley received restricted stock unitsone-for-one basisvest ratably over three years