[Form 4] Automatic Data Processing Insider Trading Activity

Rhea-AI Filing Summary

Kutam Sreenivasa, Corporate Vice President at Automatic Data Processing Inc. (ADP), reported a restricted stock unit grant and a sale of common stock. On 09/01/2025 he was awarded 3,950 restricted stock units that convert one-for-one into common shares and vest ratably over three years. The grant carried no purchase price. The following day, 09/02/2025, he disposed of 7,394.611 shares at a reported price of $304.05, leaving beneficial ownership of 40,933.224 shares.

The filing was submitted by power of attorney (David Kwon) on 09/03/2025 and reflects routine executive compensation activity and an insider sale; no other transactions or derivative positions are reported.

Positive

• RSU grant of 3,950 units that vest ratably over three years, aligning executive incentives with shareholders
• Compliance with Section 16 reporting including POA signature, indicating timely disclosure

Negative

• Sale of 7,394.611 shares at $304.05 on 09/02/2025, reducing direct holdings to 40,933.224 shares

Insights

Securities Analyst

TL;DR: Insider received a small RSU grant and executed a sizable cash sale the next day; activity appears compensatory and liquidity-driven.

The 3,950-unit restricted stock grant aligns executive compensation with shareholder value via multi-year vesting, which is common practice to retain executives. The sale of 7,394.611 shares at $304.05 generated meaningful proceeds but is disclosed as an open-market disposition (code F). There are no reported option exercises or derivative exposures. For investors, this is a routine mix of compensation issuance and liquidity action by an officer rather than a signal of corporate distress.

Corporate Governance Expert

TL;DR: Transaction mix signals standard compensation governance with vesting and an officer sale; documentation and POA are in order.

The RSU award vesting ratably over three years is a standard retention mechanism and demonstrates alignment of long-term incentives. The filing includes a power-of-attorney signature and complies with Section 16 reporting. The near-term sale reduces the reporting person's direct holdings but the remaining position (40,933.224 shares) indicates continued equity exposure. No regulatory issues or material governance concerns are apparent from this Form 4 alone.

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

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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^*

KUTAM SREENIVASA

(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		3,950(1)	A	$0.0000	48,327.835	D
Common Stock	09/02/2025		F		7,394.611	D	$304.05	40,933.224	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 Kutam Sreenivasa report on Form 4?

He reported a grant of 3,950 restricted stock units on 09/01/2025 and a disposition of 7,394.611 shares on 09/02/2025 at $304.05 per share.

How many shares does Kutam Sreenivasa beneficially own after these transactions?

The filing reports 40,933.224 shares beneficially owned following the reported transactions.

What are the terms of the restricted stock units granted to Kutam Sreenivasa?

The RSUs are convertible into common stock on a one-for-one basis and vest ratably over three years.

Who signed the Form 4 filing for Kutam Sreenivasa?

The Form 4 was signed by David Kwon (power of attorney) on 09/03/2025.

Was any derivative security reported by Kutam Sreenivasa in this filing?

No. Table II for derivative securities contains no reported transactions.