ADP Form 4: Executive VP Magliulo Granted RSUs and Reports Share Disposition

Rhea-AI Filing Summary

Virginia Magliulo, Executive VP and Director of Automatic Data Processing, filed a Form 4 reporting recent equity activity. On 09/01/2025 she was allocated 2,277 restricted stock units (RSUs) at a $0.00 price, described as RSUs convertible one-for-one to common stock that vest ratably over three years, bringing her reported beneficial ownership to 16,285.845 shares. On 09/02/2025 a separate transaction labeled with code F shows 2,692.596 shares disposed at a price of $304.05 per share, leaving reported beneficial ownership of 13,593.249 shares. The form is signed by a power of attorney, David Kwon, dated 09/03/2025.

Positive

• RSU grant disclosed: 2,277 restricted stock units granted converting one-for-one to common stock
• Vesting clarity: RSUs vest ratably over three years, aligning executive compensation with multi-year service

Negative

• Share disposition: 2,692.596 shares were disposed at $304.05, reducing reported beneficial ownership
• Net ownership decline: Reported beneficial ownership decreased from 16,285.845 to 13,593.249 shares after transactions

Insights

Financial Analyst

TL;DR: Insider received RSUs and completed a sizeable share disposition over two days, modestly altering ownership.

From a holdings perspective, the reporting shows a grant of 2,277 RSUs that vest ratably over three years, which increases long-term equity alignment. The subsequent reported disposition of 2,692.596 shares at $304.05 reduces immediate beneficial ownership to 13,593.249 shares. Net effect over the two transactions is a decline in reported beneficial ownership. These are routine executive equity events and, absent additional context such as percentage ownership of total outstanding shares or a pattern of sales, the transactions appear operationally standard rather than materially valuation-changing.

Corporate Governance Expert

TL;DR: Reported RSU grant and near-term disposition are disclosed properly; vesting schedule is explicit.

The filing specifies the RSU grant is convertible one-for-one and vests ratably over three years, which is clear and favorable for transparency. The use of a power of attorney signature is documented. The form lists transaction codes but does not provide contractual plan details beyond the vesting description; governance reviewers would note proper Section 16 reporting and the presence of both acquisition and disposition entries over consecutive days.

SEC Form 4

FORM 4

UNITED 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
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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^*

Magliulo Virginia

(Last) (First) (Middle)

ONE ADP BOULEVARD

(Street)

ROSELAND NJ 07068

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AUTOMATIC DATA PROCESSING INC [ ADP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive VP

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/01/2025		A		2,277(1)	A	$0.0000	16,285.845	D
Common Stock	09/02/2025		F		2,692.596	D	$304.05	13,593.249	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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)	09/03/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Virginia Magliulo report on Form 4 for ADP?

She reported receiving 2,277 RSUs on 09/01/2025 and a disposition of 2,692.596 shares on 09/02/2025 at a price of $304.05.

How do the RSUs reported by Magliulo convert to common stock?

The filing states the RSUs are convertible one-for-one into common stock and vest ratably over three years.

What is Magliulo's reported beneficial ownership after these transactions?

Beneficial ownership is reported as 13,593.249 shares following the 09/02/2025 disposition.

Who signed the Form 4 and when?

The form is signed by David Kwon as power of attorney on 09/03/2025.

What transaction codes appear on the Form 4?

Transaction code 'A' appears for the 09/01/2025 RSU acquisition and code 'F' appears for the 09/02/2025 common stock disposition.