ADP grants VP 5,259 RSUs, withholds shares for tax
ADP’s corporate vice president reported an RSU grant and a same-day share withholding to cover exercise price or tax obligations.
Sentiment and the balance of points
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Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (ADP) reported that Corp VP Sreenivasa Kutam received 5,259 shares of common stock on September 1, 2026 as a grant of restricted stock units, convertible into common stock on a one-for-one basis and vesting ratably over 3 years.
On the same date, 7,328.964 shares of common stock were withheld or delivered at $283.49 per share as payment of the exercise price or tax liability. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 5,259 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,328.964 | $283.49 | $2.08M |
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
Key Terms
restricted stock units financial
vest ratably financial
tax liability financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did ADP (ADP) grant to Sreenivasa Kutam on September 1, 2026?
Were the ADP (ADP) transactions by Sreenivasa Kutam made under a Rule 10b5-1 plan?
How do the new ADP (ADP) RSUs for Sreenivasa Kutam vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.