ADP awards EVP Magliulo 2,858 RSUs, withholds shares
ADP’s Executive VP received 2,858 RSUs with three-year vesting and had 2,708.956 shares withheld to cover exercise price or tax obligations.
Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (ADP) reported that Executive VP Virginia Magliulo received an equity compensation award and a related share withholding transaction. On September 1, 2026, she acquired 2,858 restricted stock units, convertible into common stock on a one-for-one basis and vesting ratably over three years. On the same date, 2,708.956 common shares were delivered or withheld at $283.49 per share for payment of exercise price or tax liability.
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Insights
Analyzing...
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Magliulo Virginia
Role
Executive VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,858 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,708.956 | $283.49 | $768K |
Holdings After Transaction:
Common Stock — 17,792.026 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: 2,858 units
Shares delivered or withheld for exercise price or tax liability: 2,708.956 shares
Price per share for code F transaction: $283.49 per share
+1 more
4 metrics
Restricted stock units granted
2,858 units
Equity award to Executive VP on September 1, 2026
Shares delivered or withheld for exercise price or tax liability
2,708.956 shares
Code F transaction on September 1, 2026
Price per share for code F transaction
$283.49 per share
Used to value 2,708.956 shares delivered or withheld
Vesting period for RSUs
3 years
RSUs vest ratably over three 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 Executive VP Virginia Magliulo?
She acquired 2,858 restricted stock units on September 1, 2026. The units are convertible into ADP common stock on a one-for-one basis and vest ratably over three years.
Was Virginia Magliulo’s ADP Form 4 transaction a market purchase or sale?
No market purchase or sale is reported. The filing shows a grant of 2,858 RSUs and a separate code F transaction where 2,708.956 shares were delivered or withheld for exercise price or tax liability.
Are the ADP RSUs granted to Virginia Magliulo subject to vesting?
Yes. The 2,858 restricted stock units are convertible into ADP common stock on a one-for-one basis and vest ratably over three years, meaning portions of the award vest over that period.
Were the ADP Form 4 transactions under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan affirmation; the document-level checkbox for such a plan is not marked as true.
AI-generated analysis. How Rhea-AI works. Not financial advice.