ADP grants CSO 4,900 restricted stock units
ADP’s chief strategy officer received time-based equity awards totaling 4,900 restricted stock units with one-year and three-year vesting schedules.
Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (symbol: ADP) is the issuer of record for a Form 4 filing submitted to the SEC. Sugla Vishwas reported acquisition or exercise transactions in this Form 4 filing.
AUTOMATIC DATA PROCESSING INC (ADP) reported that Chief Strategy Officer Vishwas Sugla received two equity awards on September 9, 2026. One award covers 2,827 shares in the form of restricted stock units that are convertible into common stock on a one-for-one basis and vest 100% on the first anniversary. A second award covers 2,073 restricted stock units that are likewise convertible one-for-one into common stock and vest ratably over three years. No Rule 10b5-1 trading plan is reported for these awards.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,827 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2 | 2,073 | $0.00 | $0.00 |
Footnotes (2)
- F1. In the form of restricted stock units, which are convertible into common stock on a one-for-one basis and vest 100% on the 1st anniversary.
- F2. 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 100% on the 1st anniversary financial
vest ratably over 3 years financial
one-for-one basis financial
FAQ
What equity awards did ADP (ADP) grant to Chief Strategy Officer Vishwas Sugla?
When were the new equity awards to ADP’s Chief Strategy Officer granted?
How do the 2,827 ADP restricted stock units granted to the CSO vest?
What is the vesting schedule for the 2,073 ADP restricted stock units granted to the CSO?
Were the ADP equity awards to the CSO made under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.