ADP CMO Samantha Orihuela Receives RSUs; Sells Shares for Taxes

What Happened

Samantha D. Orihuela, Chief Marketing Officer of Automatic Data Processing, received a grant of 1,163 restricted stock units (RSUs) on 2026-09-01 (recorded at $0.00). To satisfy tax withholding on the vesting/award, 154.127 shares were disposed (withheld) at a reported price of $283.49 per share, totaling $43,693. The RSUs convert one-for-one into common stock and vest ratably over three years.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-03 (appears timely).
• Award: 1,163 RSUs granted (acquisition code A) — acquisition price reported as $0.00.
• Tax withholding: 154.127 shares withheld/disposed (code F) at $283.49/share = $43,693.
• Shares owned after transaction: not reported in this filing.
• Footnote: F1 — RSUs convertible one-for-one into common stock and vest ratably over three years.
• Remarks: filing includes "poa-orihuela.txt" (power of attorney documentation).
• Transaction codes: A = Award/Grant; F = Payment of exercise price or tax withholding.

Context

Restricted stock unit grants are compensation awards that convert to shares over time; this filing records the grant and routine tax withholding rather than an open-market sale or a purchase. Tax-withholding dispositions are common and do not necessarily indicate a decision to reduce ownership.