Vishwas Sugla, Chief Strategy Officer of Automatic Data Processing Inc, filed a Form 4 on September 10, 2026, reporting the acquisition of restricted stock units in two separate grants dated September 9, 2026.

Key Highlights

  • Reporting person: Vishwas Sugla, Chief Strategy Officer of Automatic Data Processing Inc (NASDAQ:ADP)
  • First grant: 2,827 restricted stock units acquired at $0.0000, vesting 100% on the first anniversary of the grant date
  • Second grant: 2,073 restricted stock units acquired at $0.0000, vesting ratably over 3 years
  • Total beneficial ownership: 4,900 shares of common stock directly held following both transactions
  • Transaction date: Both acquisitions occurred on September 9, 2026
  • Both RSU grants are convertible into common stock on a one-for-one basis

Sugla RSU Grants: Transaction and Ownership Details

According to the filing, Vishwas Sugla, identified as Chief Strategy Officer of Automatic Data Processing Inc, received two separate grants of restricted stock units (RSUs) on September 9, 2026. The first grant consisted of 2,827 RSUs acquired at a price of $0.0000, reported under transaction code "A" (acquisition). The filing states these units are "convertible into common stock on a one-for-one basis and vest 100% on the 1st anniversary." Following this transaction, Sugla directly held 2,827 shares.

The second grant consisted of 2,073 RSUs, also acquired at $0.0000 and also reported under transaction code "A." The filing states these units are "convertible into common stock on a one-for-one basis and vest ratably over 3 years." After this second transaction, Sugla's total direct beneficial ownership in common stock stood at 4,900 shares, according to the filing. Both positions are held in direct form, with no indirect ownership reported.

The Form 4 was signed by David Kwon under a power of attorney on file, and was filed on September 10, 2026. No derivative securities were reported in Table II of the filing. The filing does not indicate any Rule 10b5-1(c) plan was associated with these transactions.

What Was Disclosed

The filing reported two RSU grants to Automatic Data Processing's Chief Strategy Officer on September 9, 2026, totaling 4,900 units of common stock equivalents, held directly, with separate vesting schedules applying to each grant.