STOCK TITAN

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.

(Very High)
(Neutral)
Form Type
4

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.

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Insights

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Insider KUTAM SREENIVASA
Role Corp VP
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
Holdings After Transaction: Common Stock — 49,699.217 shares (Direct)
Footnotes (1)
  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.
RSU grant shares 5,259 shares Restricted stock units granted to Corp VP Sreenivasa Kutam on September 1, 2026
Shares withheld for exercise price or tax liability 7,328.964 shares Code F transaction on September 1, 2026
Price used for exercise price or tax liability payment $283.49 per share Applied to 7,328.964 shares in the code F transaction
RSU vesting period 3 years Restricted stock units vest ratably over 3 years
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"

FAQ

What equity award did ADP (ADP) grant to Sreenivasa Kutam on September 1, 2026?

Corp VP Sreenivasa Kutam received a grant of 5,259 restricted stock units, convertible into ADP common stock on a one-for-one basis and scheduled to vest ratably over 3 years.

Were the ADP (ADP) transactions by Sreenivasa Kutam made under a Rule 10b5-1 plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan was affirmed for the reported transactions involving ADP common stock.

How do the new ADP (ADP) RSUs for Sreenivasa Kutam vest?

The 5,259 restricted stock units reported for Sreenivasa Kutam vest ratably over 3 years, and each vested unit is convertible into one share of ADP common stock.

Did Sreenivasa Kutam report buying or selling ADP (ADP) shares in the market?

No open-market purchases or sales are reported. The filing shows a restricted stock unit grant and a code F transaction where shares were delivered or withheld to cover exercise price or tax liability.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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).
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*
KUTAM SREENIVASA

(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 Stock09/01/2026A5,259(1)A$0.000057,028.181D
Common Stock09/01/2026F7,328.964D$283.4949,699.217D
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.
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)