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.
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
Analyzing...
Insider Trade Summary
2 transactions reported
Mixed
2 txns
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)
- 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
RSU grant shares: 5,259 shares
Shares withheld for exercise price or tax liability: 7,328.964 shares
Price used for exercise price or tax liability payment: $283.49 per share
+1 more
4 metrics
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
Key Terms
restricted stock units, vest ratably, tax liability
3 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"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.