ADP CFO Peter Hadley Receives RSUs; 1,650 Shares Withheld

What Happened
Peter J. Hadley, Chief Financial Officer of Automatic Data Processing, Inc. (ADP), was granted 6,464 restricted stock units (RSUs) on 2026-09-01. On the same date 1,650.629 shares were surrendered/withheld at $283.49 per share (totaling $467,937) to cover tax obligations associated with the award.

Key Details

• Transaction date: 2026-09-01; Form filed 2026-09-03.
• Award: 6,464 RSUs granted (code A) at $0.00 per share (typical for RSU grants).
• Tax withholding: 1,650.629 shares withheld/disposed (code F) at $283.49/share = $467,937.
• Footnote: RSUs are convertible one-for-one into common shares and vest ratably over 3 years (per filing).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: filing date shown; no late-filing flag provided in the data given.

Context
This transaction is a standard equity compensation event: an RSU grant to an executive and share withholding to satisfy tax withholding obligations (a common cashless settlement). The grant itself is not a market purchase, and the withheld shares are not a sale for investment purposes — they are used to cover taxes on the award.