ADP Form 4: Paul Boland granted RSUs and executed a $304.05 share sale

Rhea-AI Filing Summary

Insider transactions at Automatic Data Processing (ADP) — This Form 4 shows that Paul Boland, Corporate Vice President at ADP, acquired 2,585 restricted stock units (RSUs) on 09/01/2025. The RSUs convert one-for-one into common stock and vest ratably over three years. On 09/02/2025 he disposed of 875.043 shares at a reported price of $304.05, leaving 7,161.538 shares beneficially owned. Following the RSU grant, the total beneficial ownership reported was 8,036.581 shares.

Insights

Securities Analyst

TL;DR: Routine executive equity grant and subsequent sale consistent with compensation and liquidity activity, not clearly material on its own.

The filing documents a standard equity compensation grant (2,585 RSUs) that vest over three years and a separate sale of 875.043 shares at $304.05. Such grants are common for executive retention and align pay with long-term performance. The sale reduces immediate holdings to 7,161.538 shares; without company-level share counts or percentage ownership, the absolute amounts here do not indicate a material change to control or capital structure. This appears to be routine Section 16 reporting.

Corporate Governance Expert

TL;DR: Documentation is complete for Section 16 purposes; RSU conversion and vesting terms are disclosed concisely.

The Form 4 discloses the grant type (restricted stock units convertible one-for-one) and vesting schedule (ratable over three years), satisfying key disclosure elements. The transaction codes and dates are specified and a power of attorney signature is provided. There is no indication of a trading plan or 10b5-1 election noted on the form. From a governance perspective, this is standard officer compensation reporting with no disclosed atypical terms.

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

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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^*

Boland Paul

(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)
	Corp. 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		2,585(1)	A	$0.0000	8,036.581	D
Common Stock	09/02/2025		F		875.043	D	$304.05	7,161.538	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 transactions did ADP officer Paul Boland report on Form 4?

The Form 4 reports a grant of 2,585 RSUs on 09/01/2025 and a sale of 875.043 shares on 09/02/2025 at $304.05.

How do the RSUs reported by Paul Boland convert into ADP common stock?

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

How many ADP shares does Paul Boland beneficially own after these transactions?

The Form 4 reports 7,161.538 shares beneficially owned after the sale, and a total of 8,036.581 shares following the RSU grant.

Was a 10b5-1 trading plan or similar election disclosed on this Form 4 for ADP transactions?

The form does not indicate a 10b5-1 plan election; the 10b5-1 checkbox is not marked in the provided content.

Who signed the Form 4 for Paul Boland?

The form is signed by David Kwon (POA on file) dated 09/03/2025.